Dec. 6 at 2:07 AM
$Z Trade Alert:
Market Context: The last close at
$75.52 shows a strong position above the 30-day MA of
$72.81 and the 50-day MA of
$73.49, indicating bullish momentum. The RSI at 63.31 suggests the stock is nearing overbought territory but still has room for upward movement. The 60-day high of
$93.88 provides a potential resistance level.
Directional Bias: The overall trend appears bullish due to the stock trading above its moving averages and the recent price action being closer to the 60-day high than the low.
Trade Plan:
- Suggested Entry:
$76.00
- Stop Loss:
$72.00 (below the 30-day MA)
- Take Profit Targets:
1.
$80.00 (5.3% ROI)
2.
$85.00 (11.8% ROI)
3.
$88.50 (17.1% ROI)
This plan aims for a minimum of 17% ROI on the third target while maintaining a manageable risk-reward ratio.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
