Dec. 19 at 4:23 PM
Actionable Trade Alert for
$ORI:
Market Context:
$ORI is currently trading at
$45.77, showing a neutral RSI of 45.59, indicating a lack of strong momentum. The stock is above the 30-day MA of
$44.1 and the 50-day MA of
$42.95, suggesting a bullish bias in the short to medium term. The recent 60-day high of
$46.63 offers a potential resistance level.
Directional Bias: The stock is positioned well above its 60-day low of
$38.34, indicating an upward trend. The current price is near the 60-day high, which could act as a breakout point.
Trade Plan:
- Suggested Entry:
$45.80
- Stop Loss:
$43.50 (5% below entry)
- Take Profit Targets:
- Target 1:
$47.00 (2.6% gain)
- Target 2:
$48.00 (4.6% gain)
- Target 3:
$53.50 (17% gain)
This plan aims for a potential 17% ROI on Target 3, leveraging the upward momentum while managing risk with a stop loss.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
