Dec. 17 at 3:33 AM
$WING: Current market context shows a recent close at
$246.56, with an RSI of 38.88 indicating potential oversold conditions. The price is slightly above the 30-day moving average (MA30) of
$246.16 but below the 50-day moving average (MA50) of
$246.55, suggesting a neutral to bearish bias. The 60-day high of
$281.28 and low of
$206.00 indicates a significant range, providing room for potential upside.
Actionable Trade Plan:
- Suggested Entry:
$246.00
- Stop Loss:
$240.00 (6% risk)
- Take Profit Targets:
- Target 1:
$260.00 (5.4% gain)
- Target 2:
$270.00 (9.5% gain)
- Target 3:
$288.00 (16.8% gain)
With a potential ROI of over 17% on Target 3, this trade offers a favorable risk-reward ratio. Monitor RSI and MA trends closely for confirmation of upward momentum.
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