Dec. 6 at 1:44 AM
Actionable Trade Alert for
$TGT:
Market Context:
$TGT closed at
$91.59, showing a stable position within the recent trading range of
$83.44 to
$99.49. The RSI of 52.12 indicates a neutral momentum, suggesting potential for upward movement.
Directional Bias: The stock is currently above the 30-day MA of
$90.73 and the 50-day MA of
$90.29, indicating bullish sentiment. The proximity to the 60-day high of
$99.49 provides a target for upward movement.
Trade Plan:
- Suggested Entry:
$92.00
- Stop Loss:
$88.50 (approx. 3.8% risk)
- Take Profit Targets:
1.
$95.00 (3.3% gain)
2.
$97.00 (5.4% gain)
3.
$107.00 (16.8% gain)
With this plan, if the stock reaches the third target, it provides a potential ROI of over 17%. Monitor price action closely and adjust stop loss accordingly.
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