Dec. 25 at 3:49 PM
Actionable Trade Alert for
$CVBF:
Market Context:
$CVBF closed at
$19.54, currently hovering around its 30-day moving average (MA30) of
$19.54, indicating potential consolidation. The RSI at 45.19 suggests a neutral momentum, but with the stock near its 60-day high of
$20.7, there’s room for upward movement.
Directional Bias: The stock is positioned between its 60-day high and low, with the MA50 at
$19.2 providing a support level. The current RSI indicates that
$CVBF is not overbought, allowing for potential upside.
Trade Plan:
- Suggested Entry:
$19.60 (slightly above the last close)
- Stop Loss:
$19.00 (to limit downside risk)
- Take Profit Targets:
1.
$20.00 (2% gain)
2.
$20.50 (4.6% gain)
3.
$22.90 (17.9% gain)
This plan offers a solid risk-reward ratio, with a potential 17.9% ROI at the third target. Monitor for any changes in momentum or market conditions.
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