Dec. 17 at 2:27 AM
Actionable Trade Alert for
$VMC
Market Context:
$VMC is currently trading at
$292.61, showing a moderate bullish sentiment with an RSI of 56.3, indicating potential for upward movement. The price is above the MA30 (290.48) but slightly below the MA50 (293.32), suggesting a consolidation phase. The recent 60D high of
$311.74 provides a clear resistance level, while the 60D low of
$277.94 sets a solid support base.
Directional Bias: The RSI indicates that
$VMC is neither overbought nor oversold, allowing for potential upside. The price action near the MAs suggests a bullish bias, especially if it breaks above the MA50.
Trade Plan:
- Suggested Entry:
$293.00 (break above MA50)
- Stop Loss:
$286.00 (below recent support)
- Take Profit Targets:
1.
$302.00 (3% gain)
2.
$310.00 (5.9% gain)
3.
$343.00 (17% gain)
This trade plan positions you to capitalize on upward momentum while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
