Dec. 8 at 11:07 PM
Actionable Trade Alert for
$THC:
Market Context:
$THC is currently trading at
$207.26, showing strong momentum as indicated by an RSI of 63.75, suggesting bullish sentiment but nearing overbought territory. The price is above both the 30-day MA (205.04) and 50-day MA (203.28), indicating a positive trend.
Directional Bias: With the recent high at
$222.82 and low at
$180.78, the stock has room to move higher. The ATR of 7.11 supports potential volatility, allowing for significant price movement.
Trade Plan:
- Suggested Entry:
$207.50
- Stop Loss:
$200.00 (Risking
$7.50)
- Take Profit Targets:
1.
$215.00 (Target 1, 3.6% ROI)
2.
$222.00 (Target 2, 7.1% ROI)
3.
$242.00 (Target 3, 16.7% ROI)
This plan offers a potential ROI of over 17% on the third target while maintaining a reasonable risk-reward ratio. Monitor RSI and price action closely for adjustments.
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