Dec. 19 at 4:30 PM
Actionable Trade Alert for
$OGE:
Market Context:
$OGE is currently trading at
$43.27, showing a bearish sentiment with an RSI of 26.43, indicating oversold conditions. The stock is below its 30-day moving average (MA30) of
$44.15 and 50-day moving average (MA50) of
$44.79, suggesting a downward trend. The recent 60-day high is
$47.33 and low is
$42.56, indicating a tight trading range.
Directional Bias: Given the oversold RSI and proximity to the 60-day low, there is potential for a rebound. However, the stock needs to break above the MA30 and MA50 to confirm bullish momentum.
Trade Plan:
- Suggested Entry:
$43.50
- Stop Loss:
$42.50 (1.15% risk)
- Take Profit Targets:
1.
$44.50 (2.30% gain)
2.
$45.50 (4.50% gain)
3.
$50.75 (17.5% gain)
This plan allows for a strategic entry with a favorable risk-reward ratio. Monitor closely for price action around the MA levels.
https://privateprofiteers.com
