Dec. 17 at 3:01 AM
Actionable Trade Alert for
$VNOM:
Market Context:
$VNOM is currently trading at
$38.89, showing strength with an RSI of 66.0, indicating it's nearing overbought territory but still has room for upward movement. The stock is above its 30-day moving average (MA30) of
$37.99 and 50-day moving average (MA50) of
$37.68, suggesting bullish momentum.
Directional Bias: The price is approaching the 60-day high of
$41.62, indicating potential for further gains. The recent low of
$35.10 provides a solid reference for risk management.
Trade Plan:
- Suggested Entry:
$38.89
- Stop Loss:
$37.50 (approximately 3.6% below entry)
- Take Profit Targets:
1. Target 1:
$40.00 (2.85% gain)
2. Target 2:
$41.00 (5.70% gain)
3. Target 3:
$45.50 (17.06% gain)
With a strong bullish setup and clear targets, this trade offers a favorable risk-reward ratio.
For more insights, visit https://privateprofiteers.com.
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