Dec. 19 at 5:04 PM
Actionable Trade Alert for
$YOU:
Market Context:
$YOU is currently trading at
$38.36, showing a bullish sentiment as indicated by the RSI of 58.56, which is approaching overbought territory but still has room to run. The stock is above both the 30-day MA of
$35.92 and the 50-day MA of
$34.08, reinforcing a positive trend.
Directional Bias: The recent price action suggests upward momentum, especially as it approaches the 60-day high of
$42.29. The distance from the 60-day low of
$29.43 indicates a strong recovery phase.
Trade Plan:
- Suggested Entry:
$38.50
- Stop Loss:
$36.50 (1.86 ATR below entry)
- Take Profit Targets:
1.
$40.00 (Target 1: +3.9% ROI)
2.
$41.00 (Target 2: +6.5% ROI)
3.
$45.00 (Target 3: +17.2% ROI)
With the current market conditions and technical indicators, this trade presents a favorable risk-reward ratio.
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