Dec. 19 at 4:09 PM
$RS: The stock closed at
$296.62, currently exhibiting an overbought condition with an RSI of 70.03, indicating potential price pullback. However, with the 60D high at
$300.72, there's room for upward movement. The MA30 at
$280.11 and MA50 at
$278.79 suggest a bullish trend, supporting a potential breakout above the recent high.
Actionable Trade Plan:
- Suggested Entry:
$297.50 (slightly above the close to capture momentum)
- Stop Loss:
$290.00 (below the recent support level)
- Take Profit Targets:
1.
$305.00 (approx. 2.5% gain)
2.
$310.00 (approx. 4.2% gain)
3.
$347.00 (approx. 17% gain)
Directional Bias: Bullish, based on MA support levels and proximity to the 60D high. Monitor RSI for signs of reversal.
This plan targets significant upside while managing risk effectively.
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