Dec. 10 at 4:01 AM
Actionable Trade Alert for
$IDA:
Market Context:
$IDA is currently trading at
$125.06, below its 30-day (MA30) and 50-day (MA50) moving averages, indicating a bearish trend. The RSI at 42.99 suggests that the stock is nearing oversold territory, which could lead to a potential reversal.
Directional Bias: Given the current price is closer to the 60-day low of
$124.12 and below key moving averages, the bias remains cautious. However, the RSI indicates a potential for upward movement if buying pressure increases.
Trade Plan:
- Suggested Entry:
$125.50 (slightly above the current close to confirm upward momentum)
- Stop Loss:
$123.50 (to limit risk, below the 60D low)
- Take Profit Targets:
- Target 1:
$128.00 (2% gain)
- Target 2:
$130.00 (3.9% gain)
- Target 3:
$146.00 (16.8% gain)
This plan offers a potential ROI of over 17% on Target 3, aligning with market dynamics.
For more insights, visit https://privateprofiteers.com.
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