Dec. 25 at 3:20 PM
Actionable Trade Alert for
$CLSK:
Market Context:
$CLSK is currently trading at
$11.4, well below its 60-day high of
$23.61, indicating potential for upward movement. The RSI at 28.08 suggests the stock is oversold, which often precedes a price correction or rebound.
Directional Bias: With the current price below the 30-day MA of 12.53 and the 50-day MA of 14.71, there is significant resistance above. However, the oversold RSI indicates a potential bullish reversal, making this a favorable entry point.
Trade Plan:
- Suggested Entry:
$11.4
- Stop Loss:
$10.0 (approx. 12.28% below entry)
- Take Profit Targets:
1.
$13.0 (13.86% ROI)
2.
$15.0 (31.58% ROI)
3.
$13.4 (17.54% ROI)
The first target aligns with the 30-day MA, while the second target approaches the 50-day MA. The third target provides a solid ROI, ensuring a minimum of 17%.
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