Dec. 25 at 2:58 PM
$LIF Trade Alert:
Market Context: Currently,
$LIF is trading at
$66.57, significantly below its 60-day high of
$112.54 and closer to the 60-day low of
$58.46. The RSI at 33.76 indicates that the stock is oversold, suggesting potential for a bullish reversal.
Directional Bias: Given the low RSI and the proximity to the 60-day low, we anticipate a bullish correction. However, the stock is below its moving averages (MA30 at 71.1 and MA50 at 79.82), indicating a bearish trend in the short to medium term.
Trade Plan:
- Suggested Entry:
$66.57
- Stop Loss:
$62.00 (approximately 6.5% below entry)
- Take Profit Targets:
1.
$75.00 (Target 1: 12.6% ROI)
2.
$80.00 (Target 2: 20.2% ROI)
3.
$78.00 (Target 3: 17.2% ROI)
This plan allows for a potential upside while managing risk effectively. Monitor the trade closely for any changes in momentum.
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