Dec. 6 at 2:26 AM
Actionable Trade Alert for
$SPXC:
Market Context:
$SPXC is currently trading at
$208.24, showing a neutral RSI of 45.36, suggesting it is neither overbought nor oversold. The price is below the 30-day moving average (MA30) of
$209.84 but above the 50-day moving average (MA50) of
$200.33, indicating a potential bullish reversal.
Directional Bias: The price is closer to the 60-day low of
$179.62 than the high of
$233.71, suggesting room for upward movement. The ATR of 8.26 indicates moderate volatility, allowing for potential price swings.
Trade Plan:
- Suggested Entry:
$208.50
- Stop Loss:
$200.00 (below MA50)
- Take Profit Targets:
1.
$215.00 (3.5% ROI)
2.
$225.00 (7.9% ROI)
3.
$243.00 (16.7% ROI)
With the potential to exceed a 17% ROI on the third target, this trade presents a favorable risk-reward scenario. Monitor closely and adjust as necessary.
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