Dec. 11 at 11:08 PM
Actionable Trade Alert for
$TROW:
Market Context:
$TROW is currently trading at
$105.17, showing strong momentum but is overbought with an RSI of 72.88. The price is above the 30-day MA of
$102.26 and the 50-day MA of
$103.04, indicating bullish sentiment. However, the high of
$109.19 suggests a potential resistance level.
Directional Bias: The strong RSI indicates overbought conditions, which could lead to a pullback. However, the price action above key moving averages supports a bullish outlook in the short term.
Trade Plan:
- Suggested Entry:
$105.17
- Stop Loss:
$102.00 (below the 30-day MA)
- Take Profit Targets:
1. Target 1:
$107.00 (1.73% ROI)
2. Target 2:
$108.00 (2.65% ROI)
3. Target 3:
$123.00 (17% ROI)
Monitor the price action closely, as a break below the 30-day MA could trigger the stop loss.
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