Dec. 15 at 7:04 AM
$STWD is currently trading at
$18.43, showing a bullish sentiment with an RSI of 65.92, indicating it's nearing overbought territory. The price is above the 30-day moving average (MA30) of
$18.13 and close to the 50-day moving average (MA50) of
$18.34, suggesting upward momentum. The 60-day high of
$20.37 provides a key resistance level, while the low of
$17.46 offers support.
Actionable Trade Alert:
- Suggested Entry:
$18.43
- Stop Loss:
$17.90 (approx. 2.9% risk)
- Take Profit Targets:
- Target 1:
$19.00 (3.1% gain)
- Target 2:
$19.50 (5.8% gain)
- Target 3:
$21.50 (16.5% gain)
This trade plan aims for at least a 17% ROI on the third target while maintaining a favorable risk-reward ratio. Monitor market conditions closely, especially around resistance levels.
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