Dec. 6 at 3:14 AM
Actionable Trade Alert for
$CHH
Market Context:
$CHH is currently trading at
$87.86, showing bearish momentum with an RSI of 35.21, indicating oversold conditions. The price is below both the 30-day MA of 93.45 and the 50-day MA of 97.25, which suggests continued downward pressure. However, the proximity to the 60-day low of
$86.49 indicates a potential reversal opportunity.
Directional Bias: Given the oversold RSI and the recent low, there is a potential for a bullish reversal. The ATR of 2.96 suggests moderate volatility, allowing for reasonable movement towards recovery.
Trade Plan:
- Suggested Entry:
$88.50
- Stop Loss:
$85.00 (3.5% risk)
- Take Profit Targets:
1.
$93.00 (Target 1: 5% ROI)
2.
$101.00 (Target 2: 14% ROI)
3.
$103.50 (Target 3: 17.7% ROI)
This plan provides a structured approach to capitalize on potential upward movement while managing risk effectively.
https://privateprofiteers.com
