Dec. 10 at 3:56 AM
Actionable Trade Alert for
$OLLI:
Market Context:
$OLLI closed at
$114.07, with an RSI of 38.23 indicating it is currently in oversold territory. The stock is below both the 30-day MA of 122.54 and the 50-day MA of 123.64, suggesting bearish momentum. However, the recent low of
$100.00 offers a potential support level.
Directional Bias: Given the RSI and current price action, there is a potential for a reversal to the upside as it approaches the lower end of the 60-day range (
$100.00).
Trade Plan:
- Suggested Entry:
$105.00 (anticipating a bounce)
- Stop Loss:
$98.00 (below the 60D low)
- Take Profit Targets:
- TP1:
$120.00 (15% ROI)
- TP2:
$125.00 (19% ROI)
- TP3:
$134.00 (17.5% ROI)
With the ATR at 4.87, these targets are achievable within a reasonable timeframe.
https://privateprofiteers.com
