Dec. 8 at 11:59 PM
Actionable Trade Alert for
$SWX:
Market Context:
$SWX is currently trading at
$80.23, positioned between its 60-day high of
$83.11 and low of
$76.74. The RSI at 53.04 indicates neutral momentum, suggesting potential for upward movement.
Directional Bias: The price is above the 30-day MA of
$80.5 and slightly above the 50-day MA of
$79.82, indicating bullish sentiment. The proximity to the 60-day high supports a potential breakout scenario.
Trade Plan:
- Suggested Entry:
$80.50 (above the 30-day MA)
- Stop Loss:
$78.50 (below the 50-day MA)
- Take Profit Targets:
1.
$82.00 (2% gain)
2.
$83.00 (3.5% gain)
3.
$94.00 (17% gain)
With a strong upward bias and favorable technical indicators, this trade offers significant upside potential. Monitor price action closely for adjustments.
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