Dec. 6 at 2:04 AM
Actionable Trade Alert for
$WST
Market Context:
$WST is currently trading at
$281.77, showing strength as it is above both the 30-day MA of
$276.8 and the 50-day MA of
$272.86. The RSI of 63.51 indicates bullish momentum, but is approaching overbought territory.
Directional Bias: Given that the price is near the 60-day high of
$322.34, there is potential for upward movement. The distance from the recent low of
$249.76 suggests a bullish trend, supported by the moving averages indicating upward momentum.
Trade Plan:
- Suggested Entry:
$281.77
- Stop Loss:
$274.18 (below the 30-day MA, approximately 2.7% risk)
- Take Profit Targets:
- TP1:
$290.00 (3% gain)
- TP2:
$300.00 (6.5% gain)
- TP3:
$330.00 (17% gain)
This plan offers a favorable risk-reward ratio, targeting a minimum of 17% ROI on TP3. Execute with caution and monitor the RSI closely for any signs of reversal.
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