Dec. 25 at 1:25 PM
Actionable Trade Alert for
$SPGI:
Market Context:
$SPGI is currently showing strong bullish momentum, closing at
$525.74. The RSI at 76.19 indicates overbought conditions, suggesting a potential pullback. However, the stock remains above key moving averages (MA30 at 499.4 and MA50 at 494.73), indicating a bullish trend.
Directional Bias: The high of
$527.58 within the last 60 days suggests resistance, while the low of
$470.00 indicates a solid support level. The current price is near the 60D high, reinforcing the bullish sentiment but cautioning for a potential correction.
Trade Plan:
- Suggested Entry:
$525.00
- Stop Loss:
$510.00 (3% below entry)
- Take Profit Targets:
1.
$535.00 (1.8% gain)
2.
$545.00 (3.7% gain)
3.
$615.00 (17% gain)
This plan allows for a significant upside while managing risk effectively. Monitor RSI for any signs of reversal.
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