Dec. 17 at 4:05 AM
Actionable Trade Alert for
$SKYW:
Market Context:
$SKYW is currently trading at
$103.51, showing strong momentum with an RSI of 66.62, indicating it's approaching overbought territory. The stock is above its 30-day MA of 99.48 and 50-day MA of 99.53, suggesting bullish momentum.
Directional Bias: The price is nearing the 60-day high of
$108.5, indicating potential resistance. However, the upward trend supported by the moving averages and the high RSI suggests a bullish bias in the short term.
Trade Plan:
- Suggested Entry:
$104.00
- Stop Loss:
$100.00 (Risking
$4.00)
- Take Profit Targets:
1. TP1:
$107.00 (Risk/Reward: 1:0.75, 2.88% ROI)
2. TP2:
$109.00 (Risk/Reward: 1:1.25, 4.81% ROI)
3. TP3:
$121.00 (Risk/Reward: 1:5.25, 16.98% ROI)
This plan allows for a strategic entry with manageable risk while aiming for significant returns. Monitor price action closely around resistance levels.
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