Dec. 10 at 3:55 AM
Actionable Trade Alert for
$OSK:
Market Context:
$OSK closed at
$126.06, showing a stable position within its 60-day range of
$118.49 to
$141.13. The current RSI of 56.53 indicates a bullish sentiment, suggesting potential upward momentum.
Directional Bias: The price is above the 30-day moving average (MA30) of
$125.14, indicating short-term strength. However, it remains below the 50-day moving average (MA50) of
$128.31, which could act as resistance. The overall bias is cautiously bullish, given the RSI and proximity to MA30.
Trade Plan:
- Suggested Entry:
$126.50
- Stop Loss:
$122.50 (3% below entry)
- Take Profit Targets:
1.
$130.00 (Target 1, 2.0% ROI)
2.
$135.00 (Target 2, 6.8% ROI)
3.
$148.00 (Target 3, 17.4% ROI)
This plan allows for a solid risk-reward ratio, capitalizing on potential upward movement while managing downside risk effectively.
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