Dec. 25 at 1:20 PM
Actionable Trade Alert for
$COST:
Market Context:
$COST is currently trading at
$871.86, below both the 30-day MA of
$889.82 and the 50-day MA of
$905.63, indicating a bearish trend. The RSI at 37.26 suggests that the stock is approaching oversold territory, which may present a buying opportunity.
Directional Bias: Given the current price is near the 60-day low of
$844.06 and the RSI indicates potential for a reversal, we anticipate a bullish bounce back towards the moving averages.
Trade Plan:
- Suggested Entry:
$872.00
- Stop Loss:
$844.00 (risking
$28.00)
- Take Profit Targets:
1. TP1:
$900.00 (approx. 3.2% gain)
2. TP2:
$925.00 (approx. 6.1% gain)
3. TP3:
$1020.00 (approx. 17% gain)
This plan allows for a significant potential return, especially with TP3 aiming for a 17% ROI. Monitor closely for price action around the moving averages for confirmation.
https://privateprofiteers.com
