Dec. 19 at 5:35 PM
Actionable Trade Alert for
$MPW:
Market Context:
$MPW is currently trading at
$5.08, showing weakness with an RSI of 21.19, indicating oversold conditions. The stock is below both the 30-day MA of
$5.26 and the 50-day MA of
$5.20, suggesting a bearish trend. However, the recent 60-day high of
$5.82 presents a potential resistance level for recovery.
Directional Bias: Despite the bearish indicators, the significant oversold RSI could lead to a rebound. The price is also above the 60-day low of
$4.80, providing a support base.
Trade Plan:
- Suggested Entry:
$5.10 (slightly above the last close)
- Stop Loss:
$4.80 (below the 60D low)
- Take Profit Targets:
1.
$5.40 (Target 1: 5.88% ROI)
2.
$5.60 (Target 2: 9.80% ROI)
3.
$5.95 (Target 3: 17% ROI)
This plan capitalizes on a potential recovery while managing risk effectively. Monitor price action closely for adjustments.
For more insights, visit https://privateprofiteers.com.
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