Dec. 25 at 3:17 PM
Actionable Trade Alert for
$OSCR:
Market Context:
$OSCR is currently trading at
$14.93, with an RSI of 29.28 indicating it is oversold, suggesting a potential reversal. The stock is below both the 30-day MA of
$15.66 and the 50-day MA of
$16.84, indicating bearish momentum. However, the recent 60-day low of
$12.64 presents a strong support level.
Directional Bias: Given the oversold RSI and proximity to the 60-day low, we expect a bullish reversal towards the 60-day high of
$23.8.
Trade Plan:
- Suggested Entry:
$15.00 (slightly above current close for confirmation)
- Stop Loss:
$12.50 (below the 60-day low for protection)
- Take Profit Targets:
1.
$17.00 (13.33% ROI)
2.
$19.00 (26.67% ROI)
3.
$21.00 (40.00% ROI)
With the potential for a significant upside, this trade offers a favorable risk-reward ratio. Monitor closely for market conditions.
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