Dec. 25 at 3:04 PM
Actionable Trade Alert for
$IEP:
Market Context:
$IEP is currently trading at
$7.37, showing a bearish trend with an RSI of 24.06, indicating oversold conditions. The stock is below its 30-day moving average (MA30) of
$7.88 and 50-day moving average (MA50) of
$8.07, suggesting further downside potential. However, the proximity to the 60-day low of
$7.08 provides a potential support level.
Directional Bias: The oversold RSI indicates a potential reversal, while the recent high of
$9.32 suggests upside potential if the stock can regain momentum.
Trade Plan:
- Suggested Entry:
$7.40
- Stop Loss:
$7.10 (below recent low)
- Take Profit Targets:
1.
$8.00 (8% ROI)
2.
$8.50 (14.8% ROI)
3.
$8.65 (17.4% ROI)
This trade plan capitalizes on the potential for a rebound while managing risk effectively. Monitor price action closely for confirmation.
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