Dec. 19 at 3:25 PM
Actionable Trade Alert for
$WM:
Market Context:
$WM is currently trading at
$218.32, showing a neutral RSI at 50.94. The stock is positioned above both the 30-day (212.01) and 50-day (211.33) moving averages, indicating bullish momentum. The recent high of
$221.62 suggests potential upward movement, while the low of
$194.11 provides a solid support base.
Directional Bias: Given the current price above key moving averages and a neutral RSI, there is a bullish bias. The range between the 60-day high and low supports a potential breakout.
Trade Plan:
- Suggested Entry:
$218.50
- Stop Loss:
$214.00 (below MA30)
- Take Profit Targets:
1.
$222.00 (1.5% gain)
2.
$225.00 (3% gain)
3.
$256.00 (17% gain)
This plan offers a clear risk-reward ratio with a stop loss that protects against significant downside. Target 3 aims for a substantial ROI while aligning with the bullish outlook.
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