Dec. 6 at 2:15 AM
Actionable Trade Alert for
$LYB:
Market Context:
$LYB closed at
$43.16, currently trading below both the 30-day (MA30=45.41) and 50-day (MA50=46.26) moving averages, indicating a bearish short-term trend. The RSI at 42.44 suggests the stock is nearing oversold territory, which could lead to a potential reversal.
Directional Bias: Given the proximity to the 60-day low of
$41.58 and the current RSI, there is a possibility of a bounce back towards the MA levels. The ATR of 1.81 indicates moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$43.50 (above the last close)
- Stop Loss:
$41.50 (below the 60-day low)
- Take Profit Targets:
1.
$45.00 (approx. 3.4% ROI)
2.
$47.00 (approx. 8.5% ROI)
3.
$50.50 (approx. 16.5% ROI)
This plan offers a potential ROI of over 17% at the third target while maintaining a manageable risk.
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