Dec. 6 at 2:38 AM
Actionable Trade Alert for
$OC:
Market Context: The last close for
$OC is
$112.0, indicating a strong position within the recent trading range. The RSI at 68.6 suggests the stock is nearing overbought territory, which could indicate a potential pullback. The MA30 at
$112.01 is in line with the current price, while the MA50 at
$120.52 indicates a longer-term bullish trend.
Directional Bias: Given the proximity to the MA30 and the high RSI, we anticipate a short-term pullback before a potential upward movement. The 60D high at
$157.75 provides a significant resistance level.
Trade Plan:
- Suggested Entry:
$111.50 (considering potential pullback)
- Stop Loss:
$108.00 (to limit downside risk)
- Take Profit Targets:
1.
$120.00 (target 1, approx. 7.5% ROI)
2.
$130.00 (target 2, approx. 16.1% ROI)
3.
$131.00 (target 3, approx. 17% ROI)
This plan allows for a calculated approach, balancing risk and reward effectively.
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