Dec. 17 at 3:30 AM
Actionable Trade Alert for
$CWEN:
Market Context:
$CWEN is currently trading at
$32.38, significantly below its 60-day high of
$36.89, indicating potential for upward movement. The RSI at 14.61 suggests the stock is oversold, presenting a buying opportunity.
Directional Bias: The stock is below both the 30-day MA (34.73) and the 50-day MA (33.52), indicating a bearish trend. However, the extreme RSI indicates a likely reversal, making this a potential bounce play.
Trade Plan:
- Suggested Entry:
$32.50 (slightly above current close to confirm upward momentum)
- Stop Loss:
$30.50 (below recent support)
- Take Profit Targets:
1. Target 1:
$34.00 (Risk/Reward = 1:2)
2. Target 2:
$35.00 (Risk/Reward = 1:3)
3. Target 3:
$37.00 (Risk/Reward = 1:4, approx. 14% ROI)
Monitor the stock closely for any changes in momentum.
For more insights, visit https://privateprofiteers.com.
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