Dec. 15 at 6:22 AM
Actionable Trade Alert for
$EVRG:
Market Context:
$EVRG is currently trading at
$73.8, with a recent RSI of 36.98 indicating it is in oversold territory. The 60-day high of
$79.32 suggests potential upward movement, while the low of
$71.33 provides a support level. The moving averages (MA30 at 75.7 and MA50 at 76.53) indicate a bearish trend, but the oversold RSI may signal a reversal.
Directional Bias: Given the current RSI and proximity to the 60-day low, there is a bullish bias for a potential rebound towards the moving averages.
Trade Plan:
- Suggested Entry:
$73.80
- Stop Loss:
$71.00 (below 60D low)
- Take Profit Targets:
- Target 1:
$76.00 (approx. 3% ROI)
- Target 2:
$77.50 (approx. 5% ROI)
- Target 3:
$86.50 (approx. 17% ROI)
This plan offers a solid risk-reward ratio with potential for significant upside. Monitor price action closely.
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