Dec. 19 at 3:33 PM
Actionable Trade Alert for
$URI:
Market Context:
$URI is currently trading at
$800.53, showing a neutral RSI of 45.77, indicating no immediate overbought or oversold conditions. The price is below the 30-day moving average (MA30) of
$815.83 and the 50-day moving average (MA50) of
$865.79, suggesting potential bearish sentiment in the short term. However, the price remains above the 60-day low of
$769.88, providing a support level.
Directional Bias: Given the current position relative to the MAs and the RSI, we anticipate a potential upward correction towards the MA30.
Trade Plan:
- Suggested Entry:
$805
- Stop Loss:
$780 (3% below entry)
- Take Profit Targets:
1.
$830 (3.1% ROI)
2.
$860 (6.8% ROI)
3.
$940 (16.7% ROI)
Target 3 offers a potential ROI of 16.7%, aligning with the 60-day high of
$1021.47.
Trade carefully and monitor market conditions. For more insights, visit https://privateprofiteers.com.
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