Dec. 5 at 10:49 PM
Actionable Trade Alert for
$CVCO:
Market Context:
$CVCO is currently trading at
$577.99, showing bullish momentum with an RSI of 60.42, indicating potential upward movement but nearing overbought territory. The stock is above its 30-day MA of
$563.94 and 50-day MA of
$556.81, suggesting a strong trend.
Directional Bias: Given the recent price action and proximity to the 60D high of
$613.77, the bias is bullish. The ATR of
$23.73 indicates volatility, allowing for substantial price movement.
Trade Plan:
- Suggested Entry:
$580.00
- Stop Loss:
$560.00 (3.5% risk)
- Take Profit Targets:
1. TP1:
$600.00 (3.4% gain)
2. TP2:
$620.00 (6.9% gain)
3. TP3:
$675.00 (16.8% gain)
This plan offers a potential ROI of over 17% on TP3 while maintaining a manageable risk-reward ratio. Monitor price action closely for adjustments.
For more insights, visit https://privateprofiteers.com.
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