Dec. 25 at 3:09 PM
Actionable Trade Alert for
$OGS:
Market Context:
$OGS is currently trading at
$78.3, showing a neutral RSI of 46.58, indicating no immediate overbought or oversold conditions. The price is below both the 30-day MA (79.89) and the 50-day MA (80.64), suggesting a potential bearish sentiment in the short term. However, the recent 60-day high of
$83.96 offers a resistance level to watch.
Directional Bias: Given the proximity to the 60-day low of
$76.52, there is potential for a rebound. The ATR of 1.17 suggests moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$78.5 (slightly above the last close)
- Stop Loss:
$76.5 (below the 60-day low)
- Take Profit Targets:
1.
$80.5 (Target 1: 2.5% ROI)
2.
$82.0 (Target 2: 4.5% ROI)
3.
$91.5 (Target 3: 16.8% ROI)
This plan offers a solid risk-reward ratio, especially with the potential for a significant upside at Target 3.
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