Dec. 11 at 11:37 PM
Actionable Trade Alert for
$SWKS:
Market Context:
$SWKS is currently trading at
$67.79, showing a strong bullish trend despite an RSI of 80.76, indicating overbought conditions. The stock is near its 60D high of
$90.9, suggesting potential resistance ahead.
Directional Bias: The recent price action indicates a bullish bias, but the high RSI and proximity to the 60D high may lead to short-term pullbacks. The MA30 at
$68.21 and MA50 at
$71.05 provide critical support levels.
Trade Plan:
- Suggested Entry:
$67.79
- Stop Loss:
$65.00 (approximately 4% below entry)
- Take Profit Targets:
1.
$72.00 (Target 1, 6.5% ROI)
2.
$75.00 (Target 2, 10.0% ROI)
3.
$79.50 (Target 3, 17.5% ROI)
Monitor closely for any signs of reversal as we approach resistance levels. Adjust stop loss to lock in profits as targets are hit.
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