Dec. 19 at 3:28 PM
$COR is currently trading at
$340.58, with an RSI of 28.39 indicating that it is oversold. The 30-day moving average (MA30) is at
$354.88, and the 50-day moving average (MA50) is at
$344.98, suggesting a potential upward correction as the price is below both averages. The 60-day high is
$377.54, providing a target for potential recovery.
Actionable Trade Alert:
- Suggested Entry:
$340.58
- Stop Loss:
$330.00 (below recent support)
- Take Profit Targets:
1.
$350.00 (1st target, approx. 2.7% ROI)
2.
$360.00 (2nd target, approx. 5.7% ROI)
3.
$400.00 (3rd target, approx. 17.5% ROI)
Market context indicates a potential reversal due to oversold conditions and proximity to key moving averages. The ATR of 7.41 supports this volatility.
Implement this trade plan to capitalize on the potential upside.
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