Dec. 15 at 7:15 AM
Actionable Trade Alert for
$CVLT:
Market Context:
$CVLT is currently trading at
$121.59, with a moderate RSI of 54.9 indicating a neutral trend. The stock is below both the 30-day moving average (MA30) of
$125.23 and the 50-day moving average (MA50) of
$142.6, suggesting potential bearish pressure. However, the price is closer to the 60-day low of
$114.47, indicating a possible reversal opportunity.
Directional Bias: Given the current RSI and proximity to the 60D low, we anticipate a bullish reversal. The ATR of 3.7 suggests moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$122.00
- Stop Loss:
$115.00 (approximately 5.8% risk)
- Take Profit Targets:
1.
$130.00 (Target 1, 6.6% ROI)
2.
$140.00 (Target 2, 14.9% ROI)
3.
$142.00 (Target 3, 17% ROI)
Monitor the trade closely, and adjust stop loss to lock in profits as targets are approached.
For more insights, visit https://privateprofiteers.com.
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