Dec. 6 at 3:38 AM
Actionable Trade Alert for
$WSBC:
Market Context:
$WSBC is currently trading at
$33.41, close to its 60D high of
$33.9, indicating bullish momentum. However, the RSI at 68.6 suggests it is nearing overbought territory, warranting caution.
Directional Bias: The price is above both the 30-day MA (31.21) and the 50-day MA (31.63), confirming a bullish trend. The proximity to the 60D high suggests potential resistance, but the overall trend remains upward.
Trade Plan:
- Suggested Entry:
$33.10 (slightly below current price to capture potential pullback)
- Stop Loss:
$31.50 (below both MAs for safety)
- Take Profit Targets:
- Target 1:
$34.00 (2.63% gain)
- Target 2:
$36.00 (7.7% gain)
- Target 3:
$39.00 (16.8% gain)
This plan provides a risk-reward ratio that aligns with a minimum 17% ROI on the third target, while managing risk with a stop loss. Monitor closely for price action around key levels.
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