Dec. 19 at 5:41 PM
Actionable Trade Alert for
$VSCO:
Market Context:
$VSCO is currently trading at
$54.53, nearing its 60D high of
$56.33. The RSI at 78.3 indicates potential overbought conditions, suggesting caution. However, the price is significantly above the MA30 (42.54) and MA50 (38.54), indicating strong upward momentum.
Directional Bias: The bullish trend is supported by the recent price action, but the high RSI signals a possible pullback. Traders should be prepared for volatility.
Trade Plan:
- Suggested Entry:
$54.53
- Stop Loss:
$51.46 (approximately 5.5% below the entry)
- Take Profit Targets:
1.
$56.00 (2.7% ROI)
2.
$57.50 (5.4% ROI)
3.
$64.00 (17.3% ROI)
With the potential for a 17% ROI on the third target, this trade offers a favorable risk-reward profile. Monitor RSI and price action closely for any signs of reversal.
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