Dec. 6 at 2:44 AM
Actionable Trade Alert for
$INFA:
Market Context:
$INFA is currently trading at
$24.79, near its 60D low of
$24.73, indicating potential for a rebound. The RSI at 30.0 suggests the stock is oversold, providing a bullish bias.
Directional Bias: The proximity to the 60D low combined with the oversold RSI indicates a potential upward reversal. The MA30 and MA50 are both at
$24.85, acting as resistance levels to watch.
Suggested Trade Plan:
- Entry:
$24.80 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$24.70 (to limit downside risk)
- Take Profit Targets:
1.
$25.00 (0.8% gain)
2.
$25.20 (1.6% gain)
3.
$25.50 (2.8% gain, achieving a 17% ROI from entry)
Monitor price action around the MA levels for confirmation of trend.
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