Dec. 5 at 11:17 PM
Actionable Trade Alert for
$WU:
Market Context:
$WU is currently trading at
$8.93, near its 60-day high of
$9.78, indicating potential resistance ahead. The RSI at 49.56 suggests a neutral momentum, while the MA30 at
$8.87 and MA50 at
$8.55 indicate a bullish trend as the price is above these moving averages.
Directional Bias: The price is positioned well above the MA30 and MA50, suggesting upward potential. However, the proximity to the 60D high indicates caution.
Trade Plan:
- Suggested Entry:
$8.95 (slightly above the last close for confirmation)
- Stop Loss:
$8.70 (protecting against a breakdown)
- Take Profit Targets:
1.
$9.20 (3% gain)
2.
$9.50 (6.4% gain)
3.
$10.45 (17% gain)
With a clear upward bias supported by MAs and the potential for a breakout past the 60D high, this trade offers a solid risk-reward ratio.
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