Dec. 9 at 12:49 AM
Actionable Trade Alert for
$FCPT:
Market Context:
$FCPT is currently trading at
$22.97, near the lower end of its 60-day range (
$22.80 -
$25.83). The RSI at 30.04 indicates that the stock is oversold, suggesting a potential reversal.
Directional Bias: Given the RSI and proximity to the 60-day low, we anticipate a bullish reversal. The 30-day moving average (MA30) at
$23.84 and the 50-day moving average (MA50) at
$24.02 indicate a resistance zone above the current price, providing potential targets.
Trade Plan:
- Suggested Entry:
$23.00 (slightly above current price to confirm upward momentum)
- Stop Loss:
$22.70 (to limit losses below recent support)
- Take Profit Targets:
1.
$24.00 (approx. 4.35% ROI)
2.
$24.75 (approx. 7.56% ROI)
3.
$27.00 (approx. 17.66% ROI)
This plan allows for a strategic entry with a favorable risk-reward ratio. Monitor price action closely for confirmation.
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