Dec. 10 at 3:42 AM
Actionable Trade Alert for
$ESTC:
Market Context:
$ESTC is currently trading at
$74.69, significantly below its 60-day high of
$96.07, indicating a potential rebound opportunity. The RSI at 26.42 suggests the stock is oversold, which may lead to a price correction.
Directional Bias: Given the RSI and the proximity to the 60-day low of
$68.1, we anticipate a bullish reversal. However, the stock is below both the 30-day MA of 82.29 and the 50-day MA of 83.15, indicating short-term resistance levels.
Trade Plan:
- Suggested Entry:
$75.00
- Stop Loss:
$68.00 (below the 60-day low)
- Take Profit Targets:
1.
$80.00 (approx. 6.67% ROI)
2.
$85.00 (approx. 13.33% ROI)
3.
$87.50 (approx. 16.67% ROI)
Target 3 offers a potential ROI of 16.67%, closely approaching the desired 17%. Monitor closely for momentum shifts.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
