Dec. 17 at 4:22 AM
Actionable Trade Alert for
$HOG:
Market Context:
$HOG is currently trading at
$21.25, showing a significant decline from its 60D high of
$29.88. The RSI at 21.47 indicates that the stock is oversold, suggesting a potential reversal. The price is below both the 30-day moving average (MA30) of
$23.78 and the 50-day moving average (MA50) of
$25.05, indicating bearish momentum but also a potential for upward correction.
Directional Bias: Given the oversold condition and proximity to the 60D low of
$21.02, a bullish reversal is likely.
Trade Plan:
- Suggested Entry:
$21.30 (slightly above the last close)
- Stop Loss:
$20.90 (below the recent low)
- Take Profit Targets:
1.
$23.00 (Target 1, approx. 8% gain)
2.
$24.00 (Target 2, approx. 13% gain)
3.
$25.00 (Target 3, approx. 17% gain)
This trade plan offers a clear risk-reward scenario with potential for significant upside.
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