Dec. 10 at 3:30 AM
Actionable Trade Alert for
$ZBRA:
Market Context:
$ZBRA is currently trading at
$265.24, showing strong momentum with an RSI of 89.82, indicating overbought conditions. The 30-day moving average (MA30) is at
$254.16, suggesting a bullish trend, but the 50-day moving average (MA50) at
$271.8 indicates potential resistance ahead.
Directional Bias: Given the high RSI and proximity to the 60-day high of
$325.24, we anticipate a pullback or consolidation before further upward movement. However, the bullish trend remains intact due to the MA30 being below the current price.
Trade Plan:
- Suggested Entry:
$265.24
- Stop Loss:
$255.00 (risking
$10.24)
- Take Profit Targets:
1. Target 1:
$275.00 (3.4% gain)
2. Target 2:
$290.00 (9.3% gain)
3. Target 3:
$310.00 (16.8% gain)
With a potential ROI of over 17% on Target 3, this trade offers a favorable risk-reward ratio. Monitor for price action near targets and adjust stop loss accordingly.
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