Dec. 6 at 2:42 AM
$LKQ Trade Alert:
Current market context shows
$LKQ closing at
$28.87, with an RSI of 29.26 indicating oversold conditions. The 30-day moving average (MA30) is at
$30.23, while the 50-day moving average (MA50) is at
$30.20, suggesting a potential reversal as the price is below both MAs. The 60-day high of
$32.97 provides a resistance level, while the low of
$28.42 indicates support.
Directional bias is bullish due to the oversold RSI, which often precedes upward price movement.
Suggested trade plan:
- Entry:
$28.90
- Stop Loss:
$28.40 (below the 60D low)
- Take Profit Targets:
1.
$30.00 (3.8% ROI)
2.
$31.00 (7.7% ROI)
3.
$33.85 (17.3% ROI)
This plan offers a favorable risk-reward ratio, capitalizing on potential recovery.
For more insights, visit https://privateprofiteers.com.
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