Dec. 17 at 2:26 AM
Actionable Trade Alert for
$CCI:
Market Context:
$CCI is currently trading at
$88.13, with a 60-day high of
$100.5 and a low of
$87.16, indicating a tight range. The RSI at 45.26 suggests neutrality, with potential for upward movement as it approaches oversold conditions.
Directional Bias: The price is below both the 30-day MA (90.25) and 50-day MA (92.56), indicating bearish momentum. However, the proximity to the 60-day low suggests a potential reversal.
Trade Plan:
- Suggested Entry:
$88.50 (slightly above the current close for confirmation of upward movement)
- Stop Loss:
$86.50 (to limit risk)
- Take Profit Targets:
1.
$92.00 (target 1, approx. 4.5% ROI)
2.
$95.00 (target 2, approx. 7.7% ROI)
3.
$103.00 (target 3, approx. 16.8% ROI)
This plan provides a solid risk-reward ratio, with target 3 exceeding the 17% ROI requirement.
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