Dec. 9 at 12:21 AM
$WGS Actionable Trade Alert:
Market Context:
$WGS is currently trading at
$160.43, showing strong momentum with an RSI of 76.13, indicating overbought conditions. However, the price is above the MA30 (144.55) and MA50 (134.85), suggesting bullish sentiment in the short to medium term. The 60D high of
$170.87 presents a potential resistance level.
Directional Bias: The current price is significantly higher than both moving averages, indicating a bullish trend. However, the high RSI suggests caution, as a pullback may occur.
Trade Plan:
- Suggested Entry:
$160.43
- Stop Loss:
$152.17 (approximately 5% below entry)
- Take Profit Targets:
1.
$165.00 (Target 1: 2.9% ROI)
2.
$170.00 (Target 2: 5.9% ROI)
3.
$188.00 (Target 3: 17.2% ROI)
Monitor the price action closely, as a break above
$170.87 could lead to further gains.
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