Dec. 19 at 4:36 PM
$CTRE Analysis: The last close at
$36.26 shows a bearish sentiment with an RSI of 33.16, indicating oversold conditions. The price is below both the 30-day MA of
$36.72 and the 50-day MA of
$35.83, suggesting downward pressure. However, the 60-day low of
$32.79 presents a potential support level, while the 60-day high of
$38.32 offers a resistance target.
Actionable Trade Alert:
- Suggested Entry:
$36.26
- Stop Loss:
$34.00 (approx. 6.2% risk)
- Take Profit Targets:
1.
$37.00 (approx. 2.0% gain)
2.
$38.00 (approx. 4.8% gain)
3.
$42.50 (approx. 17.3% gain)
The trade plan aims for a recovery rally as the stock is currently oversold. Monitor for upward momentum after hitting the support level. The targets are set to capitalize on potential rebounds, especially if the price breaks above the recent highs.
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