Dec. 15 at 5:56 AM
Actionable Trade Alert for
$CARR:
Market Context:
$CARR is currently trading at
$52.94, positioned in a neutral zone with an RSI of 52.66, indicating no immediate overbought or oversold conditions. The stock is below its 30-day MA of
$54.58 and 50-day MA of
$56.02, suggesting a potential bullish reversal if it can break these resistance levels.
Directional Bias: Given the recent 60-day high of
$62.33 and low of
$50.30, there is a clear range to exploit. The ATR of
$1.42 indicates moderate volatility, allowing for reasonable price movements.
Trade Plan:
- Suggested Entry:
$53.50 (above current price to confirm upward momentum)
- Stop Loss:
$51.50 (below recent support)
- Take Profit Targets:
1.
$56.00 (1st target, approx. 4.6% gain)
2.
$58.00 (2nd target, approx. 8.1% gain)
3.
$62.00 (3rd target, approx. 17.1% gain)
This plan offers a solid risk-reward ratio with a potential ROI of over 17% on the third target.
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