Dec. 6 at 2:40 AM
Actionable Trade Alert for
$CAG:
Market Context:
$CAG is currently trading at
$16.95, showing a neutral RSI of 40.48, indicating potential for upward momentum as it is below the oversold threshold. The stock is below its 30-day MA of
$17.47 and 50-day MA of
$17.91, suggesting a bearish short-term trend. However, the recent price action is near the 60-day low of
$16.6, providing a potential reversal opportunity.
Directional Bias: The stock has room to move upward towards its 60-day high of
$19.59, presenting a favorable risk-reward scenario.
Trade Plan:
- Suggested Entry:
$17.00
- Stop Loss:
$16.60 (2.36% risk)
- Take Profit Targets:
1.
$17.50 (2.94% gain)
2.
$18.00 (5.88% gain)
3.
$19.00 (11.76% gain)
With the third target, the total ROI would exceed 17%. Monitor RSI and price action for confirmation.
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