Dec. 9 at 12:03 AM
Actionable Trade Alert for
$WFRD:
Market Context:
$WFRD is currently trading at
$76.48, showing strength with an RSI of 64.48, indicating bullish momentum but nearing overbought territory. The stock is above its 30-day moving average (MA30) of
$73.47 and its 50-day moving average (MA50) of
$70.38, signaling a positive trend.
Directional Bias: The price is approaching the 60-day high of
$78.04, suggesting potential resistance. However, the upward trend and strong RSI indicate a likelihood of breaking through this level.
Trade Plan:
- Suggested Entry:
$76.50
- Stop Loss:
$74.00 (risking
$2.50)
- Take Profit Targets:
1.
$78.00 (1st target, 1.96% gain)
2.
$80.00 (2nd target, 4.93% gain)
3.
$89.50 (3rd target, 17% gain)
This plan offers a solid risk-reward profile, with a potential 17% ROI on the third target. Monitor closely for market conditions that may affect price action.
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