Dec. 19 at 4:32 PM
Actionable Trade Alert for
$LINE:
Market Context:
$LINE is currently trading at
$34.31, below its 30-day moving average (MA30) of
$34.96 and 50-day moving average (MA50) of
$36.89, indicating a bearish trend. The RSI at 41.51 suggests the stock is nearing oversold territory, which may present a buying opportunity.
Directional Bias: Given the current price is closer to the 60-day low of
$32.46 than the high of
$42.87, and the RSI indicates potential upward momentum, we anticipate a bullish reversal.
Trade Plan:
- Suggested Entry:
$34.31
- Stop Loss:
$32.50 (approx. 5.3% below entry)
- Take Profit Targets:
1.
$36.00 (Target 1, approx. 4.9% ROI)
2.
$38.00 (Target 2, approx. 10.4% ROI)
3.
$40.00 (Target 3, approx. 16.0% ROI)
With a potential 16% ROI at Target 3, this trade presents a favorable risk-reward scenario. Monitor closely for price action around key levels.
https://privateprofiteers.com
