Dec. 8 at 11:10 PM
Actionable Trade Alert for
$WES:
Market Context:
$WES closed at
$39.34, showing resilience above its MA30 (38.85) and MA50 (38.61). The RSI at 54.64 indicates a neutral to slightly bullish sentiment, suggesting potential for upward movement. The recent 60D high of
$40.57 is within reach, providing a clear resistance level.
Directional Bias: The price is currently above its moving averages, indicating bullish momentum. The ATR of 0.65 suggests moderate volatility, allowing for potential price swings.
Trade Plan:
- Suggested Entry:
$39.50 (above the last close to confirm upward movement)
- Stop Loss:
$38.50 (to limit downside risk)
- Take Profit Targets:
- Target 1:
$40.00 (1.27% gain)
- Target 2:
$41.00 (3.33% gain)
- Target 3:
$46.00 (16.77% gain)
With this plan, if Target 3 is reached, it results in a 17.07% ROI. Monitor for any changes in market conditions.
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