Dec. 6 at 1:45 AM
Actionable Trade Alert for
$CCI:
Market Context: Currently,
$CCI is trading at
$88.61, with an RSI of 40.31 indicating a potentially oversold condition. The stock is below both the 30-day MA (91.29) and the 50-day MA (93.38), suggesting bearish momentum. However, it is above the 60-day low of
$87.16, indicating a support level.
Directional Bias: The RSI below 50 and the position relative to MAs indicate a bearish bias, but the proximity to the 60D low suggests a possible reversal.
Trade Plan:
- Suggested Entry:
$88.61
- Stop Loss:
$87.00 (1.8% risk)
- Take Profit Targets:
- TP1:
$92.00 (3.0% gain)
- TP2:
$95.00 (7.1% gain)
- TP3:
$103.00 (16.3% gain)
With a potential upside of 16.3% at TP3, this trade presents an attractive risk-reward scenario. Monitor price action closely for any changes in momentum.
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