Dec. 6 at 3:01 AM
Actionable Trade Alert for
$WH:
Market Context:
$WH is currently trading at
$72.34, near the middle of its 60-day range (high of
$88.48 and low of
$69.21). The RSI at 49.88 indicates a neutral momentum, suggesting potential for movement in either direction.
Directional Bias: Given the proximity to the 30-day moving average (MA30) at
$72.9 and the 50-day moving average (MA50) at
$75.52, we see resistance above current levels. However, the price is above the 60-day low, indicating potential bullish momentum if it breaks through resistance.
Trade Plan:
- Suggested Entry:
$73.00 (slightly above current close)
- Stop Loss:
$70.50 (below recent support)
- Take Profit Targets:
1.
$76.00 (1st target, 4% ROI)
2.
$80.00 (2nd target, 9% ROI)
3.
$85.00 (3rd target, 17% ROI)
With a strong exit strategy and clear targets, this trade offers a favorable risk-reward ratio.
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