Dec. 19 at 4:28 PM
Actionable Trade Alert for
$GNRC:
Market Context:
$GNRC is currently trading at
$136.99, showing a bearish trend as indicated by the RSI of 38.04, which suggests oversold conditions. The price is significantly below the 30-day moving average (MA30) of 153.54 and the 50-day moving average (MA50) of 164.16, reinforcing a bearish sentiment. The recent 60-day high of 200.6 and low of 134.8 indicates a potential reversal opportunity.
Directional Bias: The current RSI indicates potential for a bounce back, while the price is near the lower end of its 60-day range, making this a potential buy point.
Trade Plan:
- Suggested Entry:
$137.50
- Stop Loss:
$134.00 (below recent low)
- Take Profit Targets:
1. TP1:
$145.00 (5.5% ROI)
2. TP2:
$155.00 (12.5% ROI)
3. TP3:
$160.00 (16.5% ROI)
This plan aims for a minimum of 17% ROI on TP3. Monitor closely for market conditions.
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