Dec. 25 at 3:28 PM
Actionable Trade Alert for
$FLNC:
Market Context:
$FLNC is currently trading at
$19.83, showing a bearish sentiment with an RSI of 38.26, indicating it is nearing oversold territory. The price is above the 30-day MA of
$19.74 and the 50-day MA of
$19.59, suggesting potential support levels.
Directional Bias: Given the RSI and the proximity to the 60-day low of
$10.95, there is room for a bounce back towards the higher range. The 60-day high of
$25.85 provides a clear target for upside potential.
Trade Plan:
- Suggested Entry:
$19.83
- Stop Loss:
$18.50 (approximately 6.7% below entry)
- Take Profit Targets:
1. Target 1:
$21.50 (8.5% gain)
2. Target 2:
$23.00 (15.6% gain)
3. Target 3:
$23.25 (17.3% gain)
With the potential for a strong upside move, this trade plan offers a favorable risk-reward ratio. Monitor closely for market changes.
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