Dec. 15 at 7:46 AM
Actionable Trade Alert for
$USLM
Market Context:
$USLM is currently trading at
$130.82, with a strong RSI of 72.31 indicating overbought conditions. The 30-day moving average (MA30) is at
$119.45, and the 50-day moving average (MA50) is at
$123.21, suggesting potential support levels below. The 60-day high of
$137.96 indicates resistance, while the low of
$108.95 provides a solid range for potential price movements.
Directional Bias: With the RSI above 70, caution is advised; however, the price is above both MAs, suggesting a bullish trend. A pullback towards the MA30 could present a buying opportunity.
Trade Plan:
- Suggested Entry:
$130.00 (on pullback)
- Stop Loss:
$126.00 (below MA50)
- Take Profit Targets:
- TP1:
$135.00 (4% gain)
- TP2:
$140.00 (7% gain)
- TP3:
$153.00 (17% gain)
Monitor the price action closely. If it breaks below
$126.00, consider exiting.
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