Dec. 10 at 3:10 AM
Actionable Trade Alert for
$WSM:
Market Context:
$WSM closed at
$180.48, sitting near the midpoint of its 60-day trading range (
$170.13 -
$203.78). The RSI at 49.65 indicates a neutral stance, suggesting potential for upward momentum given the proximity to the 60D high.
Directional Bias: The current price is below both the 30-day MA (185.51) and 50-day MA (187.64), indicating bearish pressure. However, the neutral RSI suggests a potential reversal if it breaks above these MAs.
Trade Plan:
- Suggested Entry:
$182.00 (break above 30-day MA)
- Stop Loss:
$176.00 (below recent low)
- Take Profit Targets:
1.
$188.00 (1st target, approx. 3.3% ROI)
2.
$195.00 (2nd target, approx. 7.9% ROI)
3.
$211.00 (3rd target, approx. 17% ROI)
This trade plan aims for a significant upside while maintaining a manageable risk. Monitor closely for market conditions.
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