Dec. 15 at 6:01 AM
Actionable Trade Alert for
$ONC:
Market Context:
$ONC is currently trading at
$319.06, showing signs of potential recovery as the RSI is at 30.9, indicating oversold conditions. The price is near the 60D low of
$306.0, suggesting a possible reversal.
Directional Bias: With the RSI below 30, there is a bullish bias as the stock may be due for a rebound. The MA30 at
$336.53 and MA50 at
$331.11 indicate resistance levels, while the 60D high of
$385.22 provides an upside target.
Trade Plan:
- Suggested Entry:
$320.50 (slightly above the current close to confirm upward momentum)
- Stop Loss:
$306.00 (just below the 60D low)
- Take Profit Targets:
1.
$336.00 (1st target, approx. 4.8% ROI)
2.
$350.00 (2nd target, approx. 9.4% ROI)
3.
$375.00 (3rd target, approx. 17.5% ROI)
This plan offers a favorable risk-reward ratio with a potential ROI exceeding 17% on the third target.
For more insights, visit https://privateprofiteers.com.
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