Dec. 19 at 5:31 PM
Actionable Trade Alert for
$HIW:
Market Context:
$HIW is currently trading at
$25.51, significantly below its 60-day high of
$32.76. The RSI is at a low 15.2, indicating oversold conditions, which suggests a potential reversal. The moving averages (MA30 at 27.26 and MA50 at 28.15) indicate a bearish trend, but the extreme RSI suggests a bounce may occur soon.
Directional Bias: Given the oversold RSI and proximity to the 60-day low of
$25.39, we anticipate a bullish reversal. The market is currently undervalued, providing a strong opportunity for a rebound.
Trade Plan:
- Suggested Entry:
$25.51
- Stop Loss:
$24.50 (approximately 4% below entry)
- Take Profit Targets:
1.
$27.00 (Target 1, approx. 5.8% ROI)
2.
$28.00 (Target 2, approx. 9.7% ROI)
3.
$29.90 (Target 3, approx. 17.3% ROI)
This plan aims for a minimum of 17% ROI on the third target while managing risk with a tight stop loss.
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