Dec. 11 at 11:14 PM
Actionable Trade Alert for
$NTNX:
Market Context:
$NTNX is currently trading at
$47.35, significantly below its 60-day high of
$79.76, indicating potential for upward movement. The RSI at 17.29 suggests the stock is oversold, signaling a likely reversal.
Directional Bias: The bearish trend is evident with MA30 at 59.16 and MA50 at 63.44, but the extreme RSI indicates a strong potential for a bounce back. The price is also near the 60D low of
$46.12, providing a solid support level.
Trade Plan:
- Suggested Entry:
$47.50 (slightly above the last close)
- Stop Loss:
$45.00 (to minimize risk)
- Take Profit Targets:
1. TP1:
$52.00 (10% gain)
2. TP2:
$57.00 (20% gain)
3. TP3:
$55.50 (17% ROI, as it aligns with resistance near MA30)
This plan allows for strategic profit-taking while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
