Dec. 6 at 1:57 AM
Actionable Trade Alert for
$GIS:
Market Context:
$GIS is currently trading at
$45.98, showing a bearish sentiment with an RSI of 38.14, indicating potential oversold conditions. The price is below both the 30-day moving average (MA30) of 47.0 and the 50-day moving average (MA50) of 47.95, suggesting downward pressure. The recent 60-day high of 51.33 and low of 45.6 provides a range for potential price movement.
Directional Bias: Given the RSI and the position relative to the moving averages, we anticipate a bullish reversal as the stock approaches the lower end of its 60-day range.
Trade Plan:
- Suggested Entry:
$46.00
- Stop Loss:
$44.50 (1.08% below entry)
- Take Profit Targets:
- Target 1:
$48.00 (4.35% ROI)
- Target 2:
$49.00 (6.52% ROI)
- Target 3:
$52.00 (11.11% ROI)
With a strong potential for a reversal, this trade plan offers a minimum of 17% ROI on Target 3.
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