Dec. 31 at 3:12 AM
$HOOD: Current market context shows a bearish trend with the last close at
$115.45. The RSI at 25.93 indicates that the stock is oversold, suggesting potential for a reversal. The MA30 and MA50 are at
$121.82 and
$127.48 respectively, indicating resistance levels above the current price. The 60D high is
$153.86 and the low is
$102.1, establishing a significant range for potential movement.
Actionable Trade Plan:
- Suggested Entry:
$115.45 (current price)
- Stop Loss:
$110.00 (below recent lows)
- Take Profit Targets:
1.
$125.00 (MA30 resistance)
2.
$135.00 (mid-range target)
3.
$135.00 (17% ROI from entry)
The trade leverages the oversold RSI for a potential bounce back towards the moving averages. Monitor for price action and adjust stop loss accordingly.
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