Dec. 11 at 11:05 PM
Actionable Trade Alert for
$GIS:
Market Context:
$GIS is currently trading at
$46.38, showing a bearish sentiment with an RSI of 36.67, indicating potential oversold conditions. The stock is below its 30-day MA of
$46.72 and 50-day MA of
$47.54, suggesting downward pressure. However, the price is near the 60-day low of
$45.15, which could act as a support level.
Directional Bias: Given the current RSI and proximity to the 60-day low, a short-term rebound is likely, presenting a buying opportunity.
Suggested Trade Plan:
- Entry:
$46.40 (slightly above last close)
- Stop Loss:
$45.00 (below the 60-day low)
- Take Profit Targets:
1.
$48.00 (3.45% gain)
2.
$49.00 (5.50% gain)
3.
$54.00 (16.50% gain)
This plan offers a potential ROI of over 17% on the third target, capitalizing on a rebound from current levels. Monitor closely for market shifts.
https://privateprofiteers.com
