Dec. 25 at 2:14 PM
$JOBY Trade Alert:
Market Context:
$JOBY is currently trading at
$14.27, showing signs of potential upside given its recent low of
$12.14 and a 60-day high of
$19.98. The RSI at 38.12 indicates the stock is nearing oversold territory, suggesting a possible reversal.
Directional Bias: The stock is below both the 30-day MA of
$14.39 and the 50-day MA of
$15.04, indicating a bearish trend. However, the proximity to the 60-day low and the RSI suggests a potential bounce-back.
Trade Plan:
- Suggested Entry:
$14.30 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$13.50 (below recent support)
- Take Profit Targets:
1. Target 1:
$15.00 (approx. 4.9% gain)
2. Target 2:
$16.00 (approx. 12% gain)
3. Target 3:
$16.70 (approx. 17% gain)
With a clear plan, traders can capitalize on potential upward movement while managing risk effectively.
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