Dec. 11 at 10:29 PM
$RTX: Current market context shows a strong upward momentum with the last close at
$177.57, above both the 30-day MA of
$174.12 and the 50-day MA of
$171.55. The RSI at 58.65 indicates bullish sentiment but not overbought conditions, suggesting room for further upside. The recent high of
$181.31 provides a clear resistance level.
Actionable Trade Plan:
- Suggested Entry:
$178.00
- Stop Loss:
$173.00 (approximately 2.3% risk)
- Take Profit Targets:
1.
$181.00 (1.68% gain)
2.
$184.00 (3.65% gain)
3.
$185.00 (4.55% gain)
To achieve a minimum of 17% ROI, we can consider a longer-term hold or leverage. The potential for a breakout above the recent high supports a bullish directional bias. Monitor the ATR of 3.69 for volatility adjustments.
Trade with caution and consider market conditions.
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