Dec. 12 at 12:07 AM
Actionable Trade Alert for
$VFC:
Market Context:
$VFC is currently trading at
$19.68, experiencing bullish momentum as indicated by a high RSI of 81.07, suggesting overbought conditions. However, the price is above both the 30-day MA (16.16) and the 50-day MA (15.6), indicating strong upward momentum.
Directional Bias: Given the RSI and the recent price action near the 60D high of
$20.06, there is a potential for a pullback or consolidation before further gains. The 60D low of
$13.02 provides a solid support level.
Suggested Trade Plan:
- Entry:
$19.68
- Stop Loss:
$18.50 (approximately 6% below entry)
- Take Profit Targets:
- Target 1:
$20.06 (1.93% ROI)
- Target 2:
$21.00 (6.73% ROI)
- Target 3:
$23.00 (16.77% ROI)
This plan allows for a favorable risk-reward ratio, with a potential 17% ROI on the third target. Monitor for any signs of reversal as the price approaches the targets.
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