Dec. 6 at 1:59 AM
Actionable Trade Alert for
$WAT:
Market Context:
$WAT is currently trading at
$396.37, showing strength with an RSI of 64.88, indicating bullish momentum but approaching overbought territory. The stock is above its 30-day moving average (MA30) of
$376.73 and 50-day moving average (MA50) of
$355.76, suggesting a positive trend. The 60-day high of
$414.15 provides a key resistance level.
Directional Bias: The upward momentum is supported by the proximity to the 60D high, and the stock remains well above its recent low of
$284.52. This indicates a bullish sentiment in the market.
Trade Plan:
- Suggested Entry:
$396.37 (current close)
- Stop Loss:
$386.32 (below recent support, approximately 2.5% below entry)
- Take Profit Targets:
1. Target 1:
$404.00 (2% gain)
2. Target 2:
$410.00 (3.4% gain)
3. Target 3:
$465.00 (17.4% gain)
This plan offers a solid risk-reward ratio with potential for significant returns.
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