Dec. 17 at 3:48 AM
$MTDR Actionable Trade Alert:
Market Context:
$MTDR is currently trading at
$41.37, showing a neutral RSI at 50.6. The stock is near its 30-day and 50-day moving averages (MA30 at
$41.83 and MA50 at
$41.80), indicating potential resistance. The 60-day high of
$49.85 suggests room for upside, while the low of
$37.14 provides a solid support level.
Directional Bias: With the RSI at 50.6, there is no immediate overbought or oversold condition, allowing for a balanced approach. The proximity to the moving averages indicates a potential breakout opportunity if it can surpass the MA30 and MA50.
Trade Plan:
- Suggested Entry:
$41.50 (breakout above MA30)
- Stop Loss:
$39.50 (below recent support)
- Take Profit Targets:
1.
$44.00 (6% gain)
2.
$46.00 (10% gain)
3.
$48.50 (17% gain)
This plan provides a structured approach with a favorable risk-reward ratio.
https://privateprofiteers.com
