Dec. 9 at 12:34 AM
Actionable Trade Alert for
$COLD:
Market Context:
$COLD closed at
$10.74, trading near the lower end of its 60D range (high of
$14.1, low of
$10.1). The current RSI of 46.85 indicates a neutral market sentiment, suggesting potential for upward movement.
Directional Bias: The price is below both the 30-day MA of
$11.45 and the 50-day MA of
$12.18, indicating bearish pressure. However, the proximity to the 60D low suggests a potential reversal opportunity.
Trade Plan:
- Suggested Entry:
$10.80 (slightly above the close for confirmation)
- Stop Loss:
$10.30 (below recent support)
- Take Profit Targets:
1.
$11.20 (Target 1, approx. 3.7% ROI)
2.
$11.80 (Target 2, approx. 9.8% ROI)
3.
$12.60 (Target 3, approx. 17.3% ROI)
This plan offers a favorable risk-reward ratio, targeting a significant return while maintaining a manageable stop loss.
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