Dec. 6 at 2:51 AM
$WING Trade Alert:
Market Context: The stock closed at
$262.89, showing strong momentum as indicated by an RSI of 65.78, suggesting it is approaching overbought territory. The current price is above both the 30-day MA of
$244.62 and the 50-day MA of
$247.92, indicating bullish sentiment.
Directional Bias: The price is trending upward, and with the 60-day high at
$281.96, there is potential for further gains. However, caution is warranted due to the RSI nearing overbought levels.
Trade Plan:
- Suggested Entry:
$262.89
- Stop Loss:
$250.00 (4.9% below entry)
- Take Profit Targets:
1.
$275.00 (4.6% gain)
2.
$280.00 (6.5% gain)
3.
$307.00 (16.7% gain)
Target 3 offers a potential ROI of 17% or more. Monitor the price action closely, especially as it approaches the 60D high.
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