Dec. 10 at 3:56 AM
Actionable Trade Alert for
$INFA:
Market Context:
$INFA is currently trading at
$24.79, near its 60-day low of
$24.73, indicating potential for a rebound. The RSI is at 30.0, signaling oversold conditions and a possible upward reversal.
Directional Bias: Given the RSI and proximity to the 60D low, we have a bullish bias. The MA30 and MA50 are both at
$24.85, suggesting resistance at this level. A breakout above this resistance could lead to further gains.
Trade Plan:
- Suggested Entry:
$24.80 (slightly above the last close)
- Stop Loss:
$24.70 (to limit risk)
- Take Profit Targets:
1.
$25.10 (target 1, approx. 1.2% gain)
2.
$25.50 (target 2, approx. 2.8% gain)
3.
$26.00 (target 3, approx. 4.9% gain, offering a 17% ROI)
Monitor price action closely around the MA levels for entry confirmation.
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