Dec. 19 at 5:21 PM
$COMM: The stock closed at
$17.85, showing potential for upward movement given the current market context. With an RSI of 32.79, the stock is in the oversold territory, suggesting a potential reversal. The 30-day moving average (MA30) is at
$18.3, indicating resistance, while the 50-day moving average (MA50) at
$17.31 provides support. The recent 60-day high of
$20.55 and low of
$14.69 creates a range that supports a bullish outlook if the stock breaks above the MA30.
Action Plan:
- Suggested Entry:
$17.90 (slightly above close to confirm upward momentum)
- Stop Loss:
$17.20 (below MA50 for risk management)
- Take Profit Targets:
1. Target 1:
$18.50 (3.65% gain)
2. Target 2:
$19.00 (6.13% gain)
3. Target 3:
$20.00 (11.25% gain)
Target 3 offers a potential ROI of 17.6%, providing a solid risk-reward scenario. Monitor closely for price action around the MA30.
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