Dec. 6 at 3:23 AM
Actionable Trade Alert for
$CNO:
Market Context:
$CNO is currently trading at
$40.29, showing a neutral RSI of 40.38, indicating potential for upward movement as it is not overbought. The stock is positioned between its 60D high of
$42.0 and low of
$38.22, suggesting a range-bound environment.
Directional Bias: The stock's MA30 at
$40.5 is above the current price, while the MA50 at
$40.1 is below, indicating mixed signals. However, the proximity to the 60D low suggests a potential rebound, especially with the RSI indicating room for upward momentum.
Trade Plan:
- Suggested Entry:
$40.30
- Stop Loss:
$39.50 (1.98% below entry)
- Take Profit Targets:
1.
$41.00 (Target 1: 1.73% ROI)
2.
$41.75 (Target 2: 3.61% ROI)
3.
$42.50 (Target 3: 5.98% ROI)
For a 17% ROI, consider scaling into additional positions as price approaches
$42.50.
Stay vigilant and manage risk accordingly.
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