Dec. 19 at 4:09 PM
$TKO Trade Alert:
Current Market Context:
$TKO closed at
$211.61, showing strong momentum as indicated by an RSI of 76.5, suggesting it's overbought. The price is above both the 30-day MA (192.67) and the 50-day MA (190.68), indicating bullish sentiment. However, the high of
$216.14 over the last 60 days presents a potential resistance level.
Directional Bias: The strong RSI and proximity to the 60D high suggest a potential pullback is likely, but if momentum continues, we could see further gains.
Trade Plan:
- Suggested Entry:
$211.61
- Stop Loss:
$205.75 (approx. 2.5% below entry)
- Take Profit Targets:
- TP1:
$216.14 (2.1% gain)
- TP2:
$220.00 (3.9% gain)
- TP3:
$247.00 (16.8% gain)
With a focus on the high-low range and moving averages, this strategy aims for a minimum of 17% ROI on TP3, leveraging the current bullish trend while managing risk effectively.
https://privateprofiteers.com
