Dec. 15 at 7:42 AM
Actionable Trade Alert for
$MIRM:
Market Context:
$MIRM is currently trading at
$65.00, below its 30-day (MA30) and 50-day (MA50) moving averages, indicating a bearish trend. However, the RSI at 31.99 suggests the stock is oversold, potentially setting up for a reversal.
Directional Bias: The stock is near its 60-day low of
$63.48, providing a support level. The oversold RSI indicates a possible bounce back, while the distance to the 60-day high of
$78.54 allows for significant upside potential.
Trade Plan:
- Suggested Entry:
$65.00
- Stop Loss:
$62.00 (to limit risk)
- Take Profit Targets:
1. Target 1:
$70.00 (7.69% ROI)
2. Target 2:
$73.00 (12.31% ROI)
3. Target 3:
$76.00 (16.92% ROI)
This plan provides a clear path for profit while managing risk effectively. Monitor the stock closely for any changes in momentum.
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