Dec. 10 at 2:54 AM
Actionable Trade Alert for
$LNG:
Market Context:
$LNG is currently experiencing a significant downturn, with the last close at
$198.71 and an RSI of 23.53, indicating oversold conditions. The stock is trading below its 30-day (MA30) and 50-day (MA50) moving averages, which are at
$209.01 and
$216.22, respectively. The 60-day high of
$240.39 provides a clear resistance level, while the low of
$198.18 serves as a support level.
Directional Bias: Given the oversold RSI and proximity to the 60-day low, there is potential for a reversal. The ATR of 4.81 suggests volatility, providing an opportunity for a rebound.
Trade Plan:
- Suggested Entry:
$200.00
- Stop Loss:
$195.00 (approximately 2.5% risk)
- Take Profit Targets:
- TP1:
$210.00 (5% ROI)
- TP2:
$220.00 (10.6% ROI)
- TP3:
$232.00 (16.7% ROI)
This plan aims for at least a 17% ROI on the final target while managing risk effectively.
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