Dec. 19 at 5:05 PM
Actionable Trade Alert for
$OSIS:
Market Context:
$OSIS is currently trading at
$266.98, showing a neutral RSI of 44.2, indicating potential for upward movement. The stock is positioned near its 30-day moving average (MA30) of
$266.96, suggesting a consolidation phase. The 60-day high of
$292.34 presents a key resistance level, while the low of
$224.34 indicates strong support.
Directional Bias: With the RSI below 50 and the stock trading close to its MA30, there is potential for a bullish reversal if it breaks above the MA30. The ATR of 7.16 indicates moderate volatility, allowing for significant price movement.
Trade Plan:
- Suggested Entry:
$268.00 (break above MA30)
- Stop Loss:
$258.00 (below recent support)
- Take Profit Targets:
1.
$278.00 (3.74% ROI)
2.
$288.00 (7.88% ROI)
3.
$312.00 (16.92% ROI)
This trade plan aims for at least a 17% ROI on the third target. Monitor closely and adjust as needed.
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