Dec. 17 at 2:49 AM
Actionable Trade Alert for
$ZBH:
Market Context: Currently,
$ZBH is trading at
$90.9, below both the 30-day MA of
$92.43 and the 50-day MA of
$95.51, indicating bearish momentum. The RSI at 41.08 suggests that the asset is approaching oversold conditions, which may lead to a potential reversal.
Directional Bias: Given the current price is near the 60-day low of
$85.33, there is a possibility for a bounce back. However, the proximity to the moving averages and the RSI indicates a cautious approach.
Suggested Trade Plan:
- Entry:
$91.00
- Stop Loss:
$88.00 (a risk of
$3.00)
- Take Profit Targets:
1.
$94.00 (17% ROI)
2.
$96.00 (22% ROI)
3.
$106.00 (16.5% ROI)
The first target aligns with the 30-day MA, while the second target approaches the 50-day MA. The third target is near the 60-day high, providing a substantial exit point.
Trade cautiously and monitor market conditions closely.
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