Dec. 15 at 8:00 AM
Actionable Trade Alert for
$CWT:
Market Context:
$CWT is currently trading at
$44.17, showing a bearish sentiment with an RSI of 40.17, indicating potential oversold conditions. The stock is below both the 30-day MA of
$45.05 and the 50-day MA of
$46.15, suggesting downward pressure.
Directional Bias: With the current price closer to the 60D low of
$41.29 than the high of
$50.44, there is a bearish outlook. However, the RSI indicates a potential reversal opportunity if it moves above 50.
Trade Plan:
- Suggested Entry:
$44.20 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$41.00 (below the 60D low for risk management)
- Take Profit Targets:
1.
$46.00 (1st target, approx. 4.1% gain)
2.
$48.00 (2nd target, approx. 8.1% gain)
3.
$51.75 (3rd target, approx. 17.1% gain)
This plan allows for a structured approach with a favorable risk-reward ratio.
For more insights, visit https://privateprofiteers.com.
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