Dec. 25 at 1:46 PM
$SYM: Current market context shows a recent close at
$58.29, with an RSI of 45.87 indicating neutral momentum. The price is below both the 30-day MA (62.75) and the 50-day MA (66.48), suggesting a bearish trend in the short to medium term. However, the price is also above the 60-day low of 48.58, indicating potential support.
Directional bias leans towards a cautious bullish outlook due to the proximity to the 60-day low and the potential for a rebound. Suggested entry point is
$58.50, with a stop loss at
$55.00 to limit downside risk.
Take Profit Targets:
1. TP1:
$62.00 (approx. 6.5% ROI)
2. TP2:
$65.00 (approx. 11.5% ROI)
3. TP3:
$68.00 (approx. 16.5% ROI)
This trade plan aims for a minimum of 16.5% ROI on TP3 while maintaining a solid risk-reward ratio. Monitor the trade closely and adjust as necessary.
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