Dec. 6 at 3:25 AM
Actionable Trade Alert for
$CVI:
Market Context:
$CVI is currently trading at
$34.06, showing a bearish sentiment with an RSI of 33.24, indicating oversold conditions. The stock is below its 30-day (MA30) and 50-day (MA50) moving averages, which are at
$36.3 and
$36.07, respectively. The recent 60-day high of
$41.67 and low of
$29.81 suggest a potential for a rebound.
Directional Bias: Given the oversold RSI and proximity to the 60D low, a bullish reversal is plausible. The ATR of 1.26 indicates moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$34.06
- Stop Loss:
$32.00 (2.06% risk)
- Take Profit Targets:
- Target 1:
$36.00 (5.7% ROI)
- Target 2:
$38.00 (11.4% ROI)
- Target 3:
$40.00 (17.5% ROI)
This plan offers a solid risk-reward ratio, with a potential ROI of over 17% at Target 3. Monitor closely for market conditions.
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