Dec. 25 at 1:19 PM
$V: The stock closed at
$355.14, showing strong momentum with an RSI of 80.54, indicating overbought conditions. The current price is near the 60D high of
$356.38, suggesting limited upside potential in the short term. However, the bullish trend is supported by the MA30 at
$335.75 and MA50 at
$338.23, indicating a solid upward trajectory.
Actionable Trade Plan:
- Suggested Entry:
$355.50 (slightly above the last close to confirm momentum)
- Stop Loss:
$348.00 (below recent support levels)
- Take Profit Targets:
1.
$360.00 (1.34% gain)
2.
$365.00 (2.76% gain)
3.
$416.00 (17.14% gain)
The first two targets provide short-term profits, while the third target aligns with a longer-term bullish outlook, aiming for a significant ROI. Monitor RSI for potential reversal signals.
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