Dec. 10 at 4:59 AM
$UE: Current market context shows a close at
$19.04 with an RSI of 55.88, indicating a neutral to slightly bullish sentiment. The price is near the 30-day moving average (MA30) of
$19.08, suggesting potential support. The 50-day moving average (MA50) at
$19.43 indicates resistance. The 60-day high of
$20.89 provides an upside target, while the low of
$18.46 offers a solid floor.
Directional bias is slightly bullish, as the price is above the MA30 and RSI is not overbought.
Suggested trade plan:
- Entry:
$19.10 (slightly above MA30 for confirmation)
- Stop Loss:
$18.80 (below recent lows for risk management)
- Take Profit Targets:
1.
$19.50 (2% ROI)
2.
$20.00 (4.7% ROI)
3.
$22.30 (17.5% ROI)
This plan allows for a favorable risk-reward ratio while targeting significant upside potential.
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