Dec. 12 at 12:30 AM
Actionable Trade Alert for
$CRC:
Market Context:
$CRC is currently trading at
$47.01, showing a strong position within its recent range. The RSI at 60.02 indicates bullish momentum, suggesting potential for upward movement. The stock is near the 30-day moving average (MA30) of
$47.25 but below the 50-day moving average (MA50) of
$48.01, indicating a possible bullish crossover if momentum continues.
Directional Bias: The RSI suggests a bullish sentiment, and with the 60-day high at
$58.08, there's significant room for upside. The 60-day low of
$45.11 provides a solid reference for risk management.
Trade Plan:
- Suggested Entry:
$47.01
- Stop Loss:
$45.50 (approximately 3.2% below entry)
- Take Profit Targets:
1.
$50.00 (6.4% ROI)
2.
$53.00 (12.8% ROI)
3.
$55.00 (17% ROI)
With a strategic entry and clear targets, this setup provides a solid risk-reward ratio. Monitor closely for price action around the MA levels.
For more insights, visit https://privateprofiteers.com.
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