Dec. 17 at 4:14 AM
Actionable Trade Alert for
$CDP:
Market Context:
$CDP's last close at
$29.11 shows it is currently trading below both the 30-day MA (
$29.42) and the 50-day MA (
$28.89), indicating a bearish trend. The RSI at 27.97 suggests the stock is oversold, presenting a potential reversal opportunity.
Directional Bias: Given the oversold RSI and proximity to the 60-day low of
$27.06, a bullish reversal could be on the horizon. The ATR of
$0.57 indicates moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$29.15 (slightly above last close to confirm upward momentum)
- Stop Loss:
$27.00 (below the 60-day low for risk management)
- Take Profit Targets:
1.
$30.00 (3% gain)
2.
$30.50 (4.7% gain)
3.
$34.00 (16.7% gain)
This plan provides a robust risk-reward ratio, especially with the third target achieving over 17% ROI.
Stay alert for market movements.
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