Dec. 6 at 3:22 AM
Actionable Trade Alert for
$CRVL:
Market Context:
$CRVL is currently trading at
$70.36, showing a bearish sentiment with an RSI of 35.32, indicating oversold conditions. The price is near the 60D low of
$70.29, suggesting potential support. The moving averages (MA30 at 73.96 and MA50 at 74.05) indicate a downward trend, but the proximity to the low may provide a bounce opportunity.
Directional Bias: Given the oversold RSI and proximity to the 60D low, there's a potential for a reversal. However, the overall trend remains bearish due to the MAs.
Trade Plan:
- Suggested Entry:
$70.50 (slightly above the current close)
- Stop Loss:
$69.00 (below the 60D low)
- Take Profit Targets:
1.
$73.00 (4% gain)
2.
$76.00 (8% gain)
3.
$82.00 (16.6% gain)
This plan targets at least a 17% ROI on the third target while managing risk effectively. Monitor price action closely.
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