Dec. 17 at 3:54 AM
Actionable Trade Alert for
$SKY:
Market Context:
$SKY is currently trading at
$86.12, with a neutral RSI of 51.9 indicating no immediate overbought or oversold conditions. The stock is above both the 30-day MA of 82.5 and the 50-day MA of 77.69, suggesting a bullish trend.
Directional Bias: The price is approaching the 60-day high of 89.45, providing a potential breakout opportunity. With the current price above key moving averages and RSI indicating stability, we anticipate upward momentum.
Trade Plan:
- Suggested Entry:
$86.50 (slightly above the last close)
- Stop Loss:
$83.28 (3% below entry, based on ATR)
- Take Profit Targets:
1. Target 1:
$88.00 (1.73% gain)
2. Target 2:
$90.00 (4.96% gain)
3. Target 3:
$101.00 (16.88% gain)
This plan provides a solid risk-reward ratio, with a potential ROI of over 17% on the third target. Monitor closely for price action around key levels.
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