Dec. 17 at 2:43 AM
Actionable Trade Alert for
$INCY:
Market Context:
$INCY is currently trading at
$97.03, with a Relative Strength Index (RSI) of 30.0, indicating that the stock is oversold. The 60-day high of
$109.28 suggests potential upside, while the low of
$81.09 provides a solid support level.
Directional Bias: The RSI indicates a potential reversal from oversold conditions, while the 30-day moving average (MA30) at
$102.3 is above the last close, signaling a potential upward trend. The 50-day moving average (MA50) at
$96.97 is close to the current price, indicating a critical support level.
Trade Plan:
- Suggested Entry:
$97.50
- Stop Loss:
$94.00 (3.5% below entry)
- Take Profit Targets:
1.
$102.00 (5% ROI)
2.
$106.00 (8.5% ROI)
3.
$114.00 (17% ROI)
This plan allows for a strong risk-reward ratio, capitalizing on the oversold condition and potential upward movement.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
