Dec. 17 at 4:29 AM
$INSW Actionable Trade Alert:
Market Context:
$INSW closed at
$48.05, significantly below its 30-day moving average (MA30) of
$51.99 and 50-day moving average (MA50) of
$49.90. The RSI of 18.08 indicates that the stock is oversold, suggesting potential for a reversal.
Directional Bias: With the current price near the 60-day low of
$42.26 and an ATR of 1.34, there is a strong potential for a rebound towards the higher range. The oversold RSI supports a bullish outlook.
Trade Plan:
- Suggested Entry:
$48.05
- Stop Loss:
$46.50 (risking
$1.55, approx. 3.23%)
- Take Profit Targets:
1. Target 1:
$50.00 (ROI: 4.05%)
2. Target 2:
$52.00 (ROI: 8.13%)
3. Target 3:
$56.25 (ROI: 17.06%)
The third target aligns with the 60D high of
$55.18, offering a solid risk-reward ratio. Monitor closely for price action and adjust stop losses accordingly.
For more insights, visit https://privateprofiteers.com.
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