Dec. 19 at 3:36 PM
Actionable Trade Alert for
$EXC:
Market Context:
$EXC is currently trading at
$44.28, showing a bearish sentiment with an RSI of 27.46, indicating oversold conditions. The price is below both the 30-day MA (45.05) and the 50-day MA (45.95), suggesting continued downward pressure. However, the proximity to the 60-day low of
$42.97 may provide a potential reversal point.
Directional Bias: Given the oversold RSI and the recent price action near the 60D low, there is a potential for a bounce back towards the 60D high of
$48.51.
Suggested Trade Plan:
- Entry:
$44.50 (slightly above the last close to confirm upward movement)
- Stop Loss:
$42.75 (below the 60D low for risk management)
- Take Profit Targets:
1.
$46.00 (3.4% ROI)
2.
$47.00 (5.7% ROI)
3.
$51.00 (15% ROI)
This plan aims for a minimum of 17% ROI on the third target while managing risk effectively.
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