Dec. 17 at 3:59 AM
Actionable Trade Alert for
$FSK:
Market Context:
$FSK is currently trading at
$15.18, showing signs of oversold conditions with an RSI of 31.94. The stock is below its 30-day moving average (MA30) of
$15.49 and 50-day moving average (MA50) of
$15.26, indicating bearish sentiment. However, the recent 60-day low of
$14.05 provides a potential support level.
Directional Bias: Given the low RSI and proximity to the 60D low, there is a potential for a rebound. The price is currently near the lower end of its recent range, suggesting a possible upward correction.
Suggested Trade Plan:
- Entry:
$15.20
- Stop Loss:
$14.05 (60D Low)
- Take Profit Targets:
1.
$15.75 (Target 1: 3.6% ROI)
2.
$16.00 (Target 2: 5.3% ROI)
3.
$17.80 (Target 3: 17% ROI)
Monitor the stock for signs of recovery. Execute the trade if it shows strength above the entry point.
For more insights, visit https://privateprofiteers.com.
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