Dec. 17 at 2:50 AM
Actionable Trade Alert for
$LNT:
Market Context:
$LNT is currently trading at
$65.26, showing a bearish sentiment with an RSI of 27.91, indicating oversold conditions. The stock is below both the 30-day MA (66.95) and the 50-day MA (67.4), suggesting continued downward pressure. However, the proximity to the 60-day low of
$63.7 presents a potential reversal opportunity.
Directional Bias: Given the oversold RSI and the stock's position near the lower end of its recent range, there is a potential for a rebound. The ATR of 0.94 indicates moderate volatility, supporting a strategic entry.
Trade Plan:
- Suggested Entry:
$65.50
- Stop Loss:
$63.50 (risking
$2.00)
- Take Profit Targets:
1.
$67.00 (Target 1, 2.27% ROI)
2.
$68.00 (Target 2, 3.85% ROI)
3.
$76.00 (Target 3, 16.43% ROI)
This plan offers a favorable risk-reward ratio with a potential ROI exceeding 17% on the third target.
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