Dec. 12 at 12:35 AM
Actionable Trade Alert for
$CWK:
Market Context:
$CWK closed at
$15.63, showing potential for upward movement given its current RSI of 59.69, which indicates bullish momentum without being overbought. The stock is trading below both the 30-day MA of
$15.74 and the 50-day MA of
$15.80, suggesting a possible reversal if it breaks above these levels.
Directional Bias: The recent high of
$17.33 presents a target for bullish sentiment, while the low of
$14.45 provides a solid support level. The ATR of
$0.64 indicates moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$15.70 (above the 30-day MA)
- Stop Loss:
$14.45 (below the recent low)
- Take Profit Targets:
- Target 1:
$16.00 (1.9% ROI)
- Target 2:
$16.50 (5.5% ROI)
- Target 3:
$18.00 (15.1% ROI)
With a well-defined plan and a potential ROI exceeding 17% on Target 3, this trade offers a favorable risk-reward scenario.
For further insights, visit https://privateprofiteers.com.
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