Dec. 19 at 3:58 PM
Actionable Trade Alert for
$CASY:
Market Context:
$CASY is currently trading at
$547.54, with an RSI of 36.9 indicating it is in oversold territory. The stock is near its 60D low of
$497.38, suggesting potential for a rebound. The MA30 at
$549.8 is slightly above the current price, while the MA50 at
$547.27 is very close, indicating a tight range.
Directional Bias: Given the oversold RSI and proximity to the 60D low, there is a bullish bias for a potential reversal.
Trade Plan:
- Suggested Entry:
$548.00 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$535.00 (below recent support)
- Take Profit Targets:
1. Target 1:
$560.00 (2.3% gain)
2. Target 2:
$570.00 (3.9% gain)
3. Target 3:
$640.00 (16.9% gain)
This plan aims for a minimum of 17% ROI on Target 3 while managing risk effectively.
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