Dec. 12 at 12:44 AM
Actionable Trade Alert for
$CPK:
Market Context:
$CPK is currently trading at
$128.66, showing bearish momentum with an RSI of 28.97, indicating oversold conditions. The price is below both the 30-day MA (132.91) and the 50-day MA (133.36), suggesting a downward trend. The 60-day high at
$140.59 and low at
$123.76 further define the trading range.
Directional Bias: The low RSI indicates potential for a reversal, while the proximity to the 60-day low suggests a support level. A bounce from this level could present a buying opportunity.
Suggested Trade Plan:
- Entry:
$128.66
- Stop Loss:
$123.00 (below the 60D low)
- Take Profit Targets:
1.
$134.00 (Target 1: 4.2% ROI)
2.
$138.00 (Target 2: 7.2% ROI)
3.
$150.00 (Target 3: 16.6% ROI)
This plan offers a potential ROI of over 17% on the third target, capitalizing on a possible reversal.
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