Dec. 6 at 3:44 AM
Actionable Trade Alert for
$UNF:
Market Context:
$UNF is currently trading at
$177.85, showing strong momentum but is overbought with an RSI of 85.22. The stock has recently tested its 60D high of
$180.75, indicating potential resistance.
Directional Bias: Given the high RSI and proximity to the 60D high, we anticipate a pullback or consolidation before further upward movement. However, the stock remains above its MA30 (160.88) and MA50 (162.72), suggesting a bullish long-term trend.
Trade Plan:
- Suggested Entry:
$177.85
- Stop Loss:
$170.00 (4.4% below entry)
- Take Profit Targets:
1. Target 1:
$182.00 (2.4% gain)
2. Target 2:
$185.00 (4.0% gain)
3. Target 3:
$208.00 (17% gain)
With the potential for a 17% ROI on Target 3, this trade offers a favorable risk-reward ratio. Monitor price action closely around the resistance level.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
