Dec. 10 at 3:22 AM
Actionable Trade Alert for
$WWD:
Market Context:
$WWD is currently trading at
$287.76, showing strong momentum but with an RSI of 68.06, indicating it's nearing overbought territory. The 30-day moving average (MA30) is at
$274.72, which supports a bullish trend, while the 50-day moving average (MA50) is at
$266.57, further confirming upward momentum.
Directional Bias: The price is above both MA30 and MA50, suggesting bullish sentiment. However, the RSI indicates caution as it approaches overbought levels. The 60-day high of
$304.72 provides a potential resistance level.
Trade Plan:
- Suggested Entry:
$288.00
- Stop Loss:
$274.00 (below MA30)
- Take Profit Targets:
1.
$295.00 (2.5% gain)
2.
$302.00 (4.9% gain)
3.
$337.00 (17% gain)
This setup allows for a risk-reward ratio that aligns with our profit targets while managing risk effectively. Monitor RSI for signs of reversal.
For more insights, visit https://privateprofiteers.com.
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