Dec. 6 at 2:15 AM
Actionable Trade Alert for
$OMC:
Market Context:
$OMC is currently trading at
$70.17, below its 30-day moving average (MA30) of
$73.85 and 50-day moving average (MA50) of
$75.6. The RSI at 39.8 indicates that the stock is nearing oversold conditions, suggesting potential upward momentum.
Directional Bias: Given the RSI and the proximity to the 60-day low of
$69.86, there is a bullish bias as the stock may rebound from this support level.
Trade Plan:
- Suggested Entry:
$70.50 (slightly above the last close to confirm upward movement)
- Stop Loss:
$68.50 (to limit downside risk)
- Take Profit Targets:
1.
$74.00 (Target 1, approx. 5% gain)
2.
$77.00 (Target 2, approx. 9.5% gain)
3.
$82.00 (Target 3, approx. 16.7% gain)
This plan provides a potential ROI of over 17% at the third target while maintaining a manageable risk profile.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
