Dec. 17 at 2:16 AM
Actionable Trade Alert for
$SPG:
Market Context:
$SPG closed at
$183.12, showing potential for upward movement given its proximity to the 60D high of
$188.43. The RSI at 43.27 indicates it is not yet overbought, suggesting room for growth.
Directional Bias: With the MA30 at
$182.72 and MA50 at
$180.57, the stock is trading above these moving averages, indicating a bullish trend. The current price is also above the recent low of
$172.19, reinforcing a positive outlook.
Trade Plan:
- Suggested Entry:
$184.00
- Stop Loss:
$179.00 (approximately 2.2% risk)
- Take Profit Targets:
1.
$188.00 (Target 1, 2.17% gain)
2.
$190.00 (Target 2, 3.26% gain)
3.
$215.00 (Target 3, 17.4% gain)
With a calculated risk-reward ratio, this setup provides a solid opportunity for traders looking for significant returns.
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