Dec. 10 at 3:10 AM
Actionable Trade Alert for
$STZ:
Market Context:
$STZ is currently showing strong bullish momentum, with an RSI of 83.2 indicating overbought conditions. However, this can still lead to further upward movement in the short term, especially given the proximity to the 60D high of
$147.6.
Directional Bias: The price is above both the 30-day MA of
$133.04 and the 50-day MA of
$135.9, indicating a strong bullish trend. The recent high-low range suggests potential for upward movement, but caution is warranted due to the high RSI.
Suggested Entry: Consider entering at
$143.37 (last close).
Stop Loss: Set a stop loss at
$139.41 (approximately 2% below entry).
Take Profit Targets:
1. Target 1:
$146.00 (1.85% gain)
2. Target 2:
$150.00 (4.63% gain)
3. Target 3:
$168.00 (17.2% gain)
This trade plan allows for a strategic approach, balancing risk with potential rewards. Monitor closely for market changes.
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