Dec. 17 at 2:17 AM
Actionable Trade Alert for
$RSG:
Market Context:
$RSG is currently trading at
$214.68, positioned within a range defined by its 60D high of
$231.65 and low of
$201.42. The RSI at 49.17 indicates a neutral stance, suggesting potential for upward movement as it approaches the overbought territory.
Directional Bias: With the price above the 30-day moving average (MA30) of
$211.67 but below the 50-day moving average (MA50) of
$215.06, there is a slight bullish bias. The ATR of 3.65 indicates moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$215.00
- Stop Loss:
$210.00 (risking
$5.00)
- Take Profit Targets:
1.
$220.00 (Target 1, 2.33% ROI)
2.
$225.00 (Target 2, 4.67% ROI)
3.
$252.00 (Target 3, 17.38% ROI)
This plan capitalizes on potential upward momentum while managing risk effectively. Monitor price action closely for adjustments.
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