Dec. 19 at 5:41 PM
Actionable Trade Alert for
$GRBK:
Market Context:
$GRBK is currently trading at
$65.37, showing signs of potential upward movement given the recent RSI of 37.44, which indicates it is nearing oversold territory. The price is also close to the 30-day moving average (MA30) of
$65.04, suggesting a potential bounce.
Directional Bias: The RSI indicates that the stock is oversold, while the proximity to MA30 and MA50 (65.38) supports a bullish outlook. The 60-day high of
$77.93 provides a clear resistance level, while the low of
$60.44 establishes a solid support base.
Trade Plan:
- Suggested Entry:
$65.50
- Stop Loss:
$63.50 (below recent support)
- Take Profit Targets:
1.
$70.00 (Target 1: 6.5% ROI)
2.
$73.00 (Target 2: 11.6% ROI)
3.
$76.50 (Target 3: 17.0% ROI)
This plan leverages the current technical indicators and price range for a calculated entry with significant upside potential.
https://privateprofiteers.com
