Dec. 6 at 3:38 AM
Actionable Trade Alert for
$WHD:
Market Context:
$WHD is currently trading at
$45.96, showing strong momentum as indicated by an RSI of 74.16, suggesting overbought conditions. However, the price is above both the 30-day MA (42.18) and 50-day MA (40.27), indicating bullish sentiment.
Directional Bias: The bullish trend is supported by the price being closer to the 60D high of
$46.5. The RSI indicates potential for a pullback, but with strong support from moving averages, we anticipate a continuation towards the high.
Trade Plan:
- Suggested Entry:
$45.96
- Stop Loss:
$43.00 (approximately 6.5% below entry)
- Take Profit Targets:
1.
$47.50 (3.4% gain)
2.
$49.00 (6.7% gain)
3.
$54.00 (17.5% gain)
With these targets, we aim for a minimum of 17% ROI on the third target while managing risk effectively. Monitor the trade closely due to the high RSI.
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