Dec. 19 at 4:50 PM
$FOUR: Actionable Trade Alert
Market Context:
$FOUR is currently trading at
$64.43, significantly below its 60D high of
$80.98 and near its 60D low of
$61.23. The RSI at 16.0 indicates that the stock is oversold, suggesting a potential reversal. The moving averages (MA30 at 68.71 and MA50 at 70.72) indicate a bearish trend, but the extreme RSI could signal a short-term bullish opportunity.
Directional Bias: Given the oversold RSI, a bounce back is likely, especially as the price approaches the lower end of its recent range.
Trade Plan:
- Suggested Entry:
$64.50
- Stop Loss:
$61.00 (below the 60D low)
- Take Profit Targets:
1.
$68.00 (Target 1, 5.5% ROI)
2.
$72.00 (Target 2, 11.7% ROI)
3.
$75.50 (Target 3, 17.2% ROI)
This plan offers a favorable risk-reward ratio with a potential 17% ROI on the third target.
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