Dec. 11 at 11:17 PM
Actionable Trade Alert for
$MEDP:
Market Context:
$MEDP is currently trading at
$566.59, showing a neutral RSI of 42.91, indicating potential for upward movement as it is below the overbought threshold. The price is positioned between the 60D high of
$626.26 and low of
$484.00, suggesting room for growth.
Directional Bias: The price is below both the 30-day moving average (MA30) of
$585.11 and the 50-day moving average (MA50) of
$568.86, indicating a bearish trend in the short term. However, the RSI suggests that the stock may be oversold, presenting a potential reversal opportunity.
Trade Plan:
- Suggested Entry:
$570.00 (slightly above current price to confirm upward movement)
- Stop Loss:
$550.00 (to limit risk)
- Take Profit Targets:
1.
$590.00 (3.45% ROI)
2.
$610.00 (6.08% ROI)
3.
$665.00 (17.35% ROI)
This trade plan allows for a strategic entry with multiple profit-taking opportunities while managing risk effectively.
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