Dec. 6 at 3:05 AM
$WK Actionable Trade Alert:
Market Context:
$WK is currently trading at
$92.15, showing a neutral RSI of 52.85, which indicates no immediate overbought or oversold conditions. The stock is above its 30-day (MA30=89.29) and 50-day (MA50=88.45) moving averages, suggesting a bullish trend in the short to medium term.
Directional Bias: The price is positioned well within the 60-day high of
$97.1 and low of
$75.82, indicating potential for upward movement. The ATR of 2.29 suggests moderate volatility, allowing for reasonable price swings.
Trade Plan:
- Suggested Entry:
$92.50
- Stop Loss:
$89.50 (risking
$3.00)
- Take Profit Targets:
1.
$95.00 (Target 1: 2.7% ROI)
2.
$97.00 (Target 2: 5.9% ROI)
3.
$108.50 (Target 3: 17.7% ROI)
This plan allows for a solid risk-reward ratio, leveraging current market conditions for potential gains.
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