Dec. 17 at 4:01 AM
Actionable Trade Alert for
$CALX:
Market Context:
$CALX is currently experiencing a bearish trend, with the last close at
$54.18, below both the 30-day (57.42) and 50-day (58.89) moving averages. The RSI at 38.7 indicates that the stock is nearing oversold territory, suggesting a potential reversal.
Directional Bias: Given the RSI and the proximity to the 60-day low of
$52.05, there is a potential for a short-term bounce. However, the overall trend remains bearish until the price breaks above the moving averages.
Trade Plan:
- Suggested Entry:
$54.50 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$52.00 (below the 60-day low for risk management)
- Take Profit Targets:
1. Target 1:
$57.00 (approx. 4.6% ROI)
2. Target 2:
$60.00 (approx. 10.0% ROI)
3. Target 3:
$63.50 (approx. 17.2% ROI)
Monitor price action closely and adjust stop loss as necessary.
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