Dec. 6 at 1:42 AM
Actionable Trade Alert for
$CARR:
Market Context:
$CARR is currently trading at
$54.5, showing a neutral RSI of 47.39. The stock is positioned between its 60-day high of
$63.26 and low of
$50.3, indicating potential for movement. The MA30 at
$55.61 and MA50 at
$56.7 suggest a bearish trend in the short term, but the proximity to the lower range may provide a buying opportunity.
Directional Bias: With the RSI indicating neutrality and the stock trading below both MAs, we anticipate a potential reversal towards the upper range.
Trade Plan:
- Suggested Entry:
$54.5
- Stop Loss:
$52.5 (1.45 ATR below the entry)
- Take Profit Targets:
1.
$57.5 (Target 1 - 5.5% ROI)
2.
$60.0 (Target 2 - 10.4% ROI)
3.
$63.0 (Target 3 - 15.3% ROI)
The third target is close to the 60D high, providing a potential ROI of over 17% if the stock rallies.
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