Dec. 10 at 4:28 AM
$NAVN: Current market context shows a recent close at
$13.75, with an RSI of 41.07 indicating the stock is nearing oversold conditions, suggesting potential upward momentum. The 60-day high of
$22.75 provides a significant resistance level, while the 60-day low of
$13.18 offers a support baseline.
Directional bias is bullish due to the RSI indicating potential for a rebound. With no moving averages available, we focus on price action and the ATR of 1.28 to gauge volatility.
Suggested trade plan:
- Entry:
$13.80 (slightly above the last close to confirm momentum)
- Stop Loss:
$12.90 (below the recent low to manage risk)
- Take Profit Targets:
- Target 1:
$15.00 (8.7% ROI)
- Target 2:
$17.00 (23.0% ROI)
- Target 3:
$16.10 (17.0% ROI)
This plan allows for a structured approach to capitalize on the potential upward movement while managing risk effectively.
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