Dec. 11 at 11:34 PM
$WTRG: Current market context shows a close at
$37.91, with an RSI of 43.71 indicating a neutral momentum, suggesting potential for upward movement. The price is below both the 30-day MA of
$38.93 and the 50-day MA of
$39.60, indicating a bearish short-term trend. However, the 60-day high of
$42.37 presents a significant resistance level, while the low of
$36.77 suggests a support zone.
Actionable Trade Plan:
- Suggested Entry:
$38.00 (slightly above current price to confirm upward movement)
- Stop Loss:
$36.50 (below recent support)
- Take Profit Targets:
- Target 1:
$39.00 (23% ROI)
- Target 2:
$40.00 (33% ROI)
- Target 3:
$44.00 (17% ROI)
The targets are set based on potential resistance levels and overall market sentiment. Monitor RSI and MA trends for confirmation.
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