Dec. 6 at 3:44 AM
$GRND Trade Alert:
Current market context shows
$GRND at
$13.63, with an RSI of 41.22 indicating potential for upward momentum as it is below the neutral level of 50. The stock is currently trading below both the 30-day MA of
$13.79 and the 50-day MA of
$13.76, suggesting bearish sentiment. However, the proximity to the 60-day low of
$11.73 provides a support level that could lead to a rebound.
Directional bias is cautiously bullish, anticipating a bounce back towards the recent high of
$16.51.
Suggested trade plan:
- Entry:
$13.70
- Stop Loss:
$12.90 (approx. 5.9% risk)
- Take Profit Targets:
1.
$14.50 (approx. 5.8% gain)
2.
$15.20 (approx. 10.6% gain)
3.
$16.00 (approx. 17.6% gain)
This plan offers a structured approach to capitalize on potential upward movement while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
