Dec. 25 at 3:11 PM
Actionable Trade Alert for
$GPK:
Market Context:
$GPK is currently trading at
$15.12, below its 30-day moving average (MA30) of
$15.61 and 50-day moving average (MA50) of
$16.11, indicating a bearish trend. The RSI of 41.67 suggests that the stock is nearing oversold territory, which could signal a potential reversal.
Directional Bias: Given the current price relative to the MAs and the RSI, we anticipate a short-term bullish reversal. The 60-day high of
$19.71 provides a target for upside potential, while the 60-day low of
$13.93 sets a clear support level.
Trade Plan:
- Suggested Entry:
$15.12
- Stop Loss:
$14.50 (approximately 4.1% below the entry)
- Take Profit Targets:
1. Target 1:
$16.00 (ROI: 5.8%)
2. Target 2:
$17.00 (ROI: 12.4%)
3. Target 3:
$17.70 (ROI: 17.4%)
This plan allows for a favorable risk-reward ratio while targeting a significant return.
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