Dec. 25 at 1:21 PM
Actionable Trade Alert for
$WFC:
Market Context:
$WFC is currently trading at
$95.3, near its 60D high of
$95.85, indicating bullish momentum. However, the RSI at 71.51 suggests it is approaching overbought territory, which may lead to a pullback.
Directional Bias: The price is above both the MA30 (88.55) and MA50 (87.49), confirming a bullish trend. The recent high-low range shows a significant upward movement, but caution is warranted due to the RSI levels.
Trade Plan:
- Suggested Entry:
$95.3
- Stop Loss:
$92.5 (approximately 2.8% below entry)
- Take Profit Targets:
1. Target 1:
$97.5 (approx. 2.3% gain)
2. Target 2:
$100.0 (approx. 4.5% gain)
3. Target 3:
$111.0 (approx. 16.5% gain)
This trade plan aims for at least a 17% ROI on target 3 while managing risk with a stop loss. Monitor price action closely near the targets.
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