Dec. 17 at 2:02 AM
Actionable Trade Alert for
$WFC:
Market Context:
$WFC is currently trading at
$92.02, with a strong RSI of 77.29 indicating overbought conditions. The stock is above its 30-day MA of 87.12 and 50-day MA of 85.9, showing bullish momentum. The recent 60-day high of
$94.26 suggests potential resistance ahead.
Directional Bias: The bullish trend is supported by the stock's position relative to its moving averages, but the high RSI indicates a correction may be imminent.
Trade Plan:
- Suggested Entry:
$92.00
- Stop Loss:
$89.00 (3% below entry)
- Take Profit Targets:
- Target 1:
$94.00 (2.17% ROI)
- Target 2:
$95.00 (3.26% ROI)
- Target 3:
$96.00 (4.35% ROI)
With a strategic approach, Target 3 provides an ROI of over 17% when considering the stop loss. Monitor price action closely for any signs of reversal.
For more insights, visit https://privateprofiteers.com.
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