Dec. 6 at 1:55 AM
Actionable Trade Alert for
$CHTR:
Market Context:
$CHTR is currently trading at
$199.98, below its 30-day moving average (MA30) of
$214.14 and 50-day moving average (MA50) of
$234.98, indicating a bearish trend. The RSI at 42.57 suggests that the stock is nearing oversold territory, which may lead to a potential reversal.
Directional Bias: The price is within the 60-day range of
$193.0 (low) to
$285.82 (high). The current price is closer to the low, indicating potential for upward movement.
Trade Plan:
- Suggested Entry:
$200.50 (slightly above current close to confirm upward momentum)
- Stop Loss:
$193.00 (just above the 60D low)
- Take Profit Targets:
1.
$220.00 (10% ROI)
2.
$240.00 (20% ROI)
3.
$235.00 (17.5% ROI)
This plan leverages the potential for a rebound while managing risk effectively. Monitor RSI and price action closely for adjustments.
For more insights, visit https://privateprofiteers.com.
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