Dec. 15 at 6:33 AM
Actionable Trade Alert for
$CACI:
Market Context:
$CACI is currently trading at
$572.45, showing a bearish sentiment with an RSI of 37.16, indicating potential oversold conditions. The price is below the 30-day moving average (MA30) of
$593.69 and slightly above the 50-day moving average (MA50) of
$570.9, suggesting a potential reversal.
Directional Bias: The RSI below 40 and proximity to the 60D low of
$465.42 indicates a bearish trend, but the current levels may present a buying opportunity as it approaches historical support.
Trade Plan:
- Suggested Entry:
$572.45
- Stop Loss:
$560.00 (2.5% below entry)
- Take Profit Targets:
1.
$590.00 (3.1% gain)
2.
$605.00 (5.7% gain)
3.
$670.00 (17% gain)
With the ATR at 18.06, the price has room to move, making the targets achievable. Monitor price action closely for potential reversals.
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