Dec. 6 at 3:12 AM
Actionable Trade Alert for
$NJR:
Market Context:
$NJR closed at
$45.02, currently showing a bearish sentiment with an RSI of 39.13, indicating potential oversold conditions. The price is below both the 30-day MA (46.16) and the 50-day MA (46.37), suggesting a downward trend. However, with the 60-day high at
$49.32 and low at
$43.46, there is room for a rebound.
Directional Bias: The current RSI indicates a potential reversal opportunity, as it approaches oversold territory. The proximity to the 60-day low also supports a bullish outlook for a short-term recovery.
Trade Plan:
- Suggested Entry:
$45.10 (slightly above the last close)
- Stop Loss:
$43.00 (below the 60-day low for protection)
- Take Profit Targets:
1.
$46.50 (3.1% gain)
2.
$47.50 (5.7% gain)
3.
$52.00 (15.5% gain, 17% ROI)
This trade plan aims for a recovery from current levels, capitalizing on the oversold conditions and potential upward momentum.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
