Dec. 17 at 3:23 AM
Actionable Trade Alert for
$WLK:
Market Context:
$WLK is currently trading at
$73.34, showing bullish momentum but with an RSI of 79.26, indicating it may be overbought. The price is above its 30-day (MA30) and 50-day (MA50) moving averages, which are at
$65.69 and
$69.89, respectively. The stock has a 60-day high of
$83.48 and a low of
$56.33, suggesting a strong upward trend recently.
Directional Bias: Given the high RSI and proximity to the 60-day high, caution is warranted. However, the stock remains above key moving averages, indicating bullish sentiment.
Trade Plan:
- Suggested Entry:
$73.50
- Stop Loss:
$70.00 (3.4% risk)
- Take Profit Targets:
- Target 1:
$77.00 (4.5% gain)
- Target 2:
$80.00 (8.9% gain)
- Target 3:
$86.00 (17.3% gain)
This plan allows for a structured approach with significant upside potential while managing risk effectively.
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