Dec. 10 at 3:00 AM
Actionable Trade Alert for
$OTIS:
Current market context shows
$OTIS closing at
$87.09, with an RSI of 46.72 indicating neutrality, suggesting potential for upward movement. The price is below both the 30-day MA (89.14) and the 50-day MA (89.99), indicating a bearish trend, but it is above the 60-day low of
$85.82, providing a support level.
Directional bias remains cautiously bullish due to the proximity to the 60D low, with potential for a rebound. Suggested entry at
$87.50, with a stop loss set at
$85.50 to limit downside risk.
Take Profit Targets:
1. TP1 at
$90.00 (3% gain)
2. TP2 at
$92.00 (5.5% gain)
3. TP3 at
$102.00 (17% gain)
This plan allows for a strategic entry with a clear risk-reward ratio, aiming for significant upside potential while managing risk effectively.
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