Dec. 15 at 6:30 AM
Actionable Trade Alert for
$KIM:
Market Context:
$KIM is currently trading at
$20.16, near its 60-day low of
$19.76, indicating potential for upward movement. The RSI at 44.74 suggests it is neither overbought nor oversold, allowing for a bullish bias. The MA30 at
$20.33 and MA50 at
$20.86 indicate resistance levels, while the 60D high of
$22.45 presents a target for gains.
Directional Bias: Given the current price proximity to the low and the RSI positioning, there is a bullish outlook for a rebound towards the higher range.
Trade Plan:
- Suggested Entry:
$20.20 (slightly above current close)
- Stop Loss:
$19.50 (3.5% risk)
- Take Profit Targets:
1.
$21.00 (Target 1: 3.9% ROI)
2.
$21.75 (Target 2: 7.7% ROI)
3.
$23.50 (Target 3: 16.8% ROI)
This plan offers a favorable risk-reward ratio with potential for over 17% ROI on the third target.
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