Dec. 17 at 4:25 AM
Actionable Trade Alert for
$WU
Market Context:
$WU is currently trading at
$9.61, showing strong momentum but with an RSI of 75.13, indicating it may be overbought. The stock is above its 30-day MA of
$8.95 and 50-day MA of
$8.78, suggesting bullish sentiment. However, with the RSI indicating potential overextension, caution is warranted.
Directional Bias: The recent price action is near the 60-day high of
$9.90, which could act as a resistance level. The low of
$7.85 provides a solid support base. Given the current metrics, a pullback may be likely, but upside potential remains.
Trade Plan:
- Suggested Entry:
$9.50
- Stop Loss:
$9.20 (3.12% below entry)
- Take Profit Targets:
- Target 1:
$9.80 (3.16% ROI)
- Target 2:
$10.00 (5.26% ROI)
- Target 3:
$11.25 (17.14% ROI)
This plan allows for a strategic entry with defined risk and potential for significant returns. Monitor RSI and price action closely for adjustments.
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