Dec. 6 at 2:53 AM
$CHE Trade Alert:
Market Context: The last close at
$424.3 indicates a bearish trend, with the RSI at 33.27 suggesting oversold conditions. The stock is trading below its 30-day (MA30) and 50-day (MA50) moving averages, which are at
$438.08 and
$438.97 respectively, indicating downward momentum. The 60-day high of
$482.57 and low of
$421.3 further highlight the price range.
Directional Bias: Given the oversold RSI and proximity to the 60-day low, there is potential for a reversal. The ATR of
$9.93 suggests volatility, providing room for price movement.
Trade Plan:
- Suggested Entry:
$426.3 (slightly above last close)
- Stop Loss:
$421.0 (below 60D low)
- Take Profit Targets:
1.
$440.0 (3.2% ROI)
2.
$450.0 (5.7% ROI)
3.
$496.0 (16.9% ROI)
This plan targets a minimum ROI of 16.9% on the third take profit while managing risk effectively.
https://privateprofiteers.com
