Dec. 9 at 12:29 AM
$OTTR: Current market context shows a stable price at
$82.14, slightly above the 30-day moving average (MA30) of
$81.67 and the 50-day moving average (MA50) of
$80.34, indicating bullish momentum. The RSI at 51.08 suggests the stock is neither overbought nor oversold, allowing for potential upward movement. The recent 60-day high of
$86.12 provides a clear resistance level, while the low of
$74.15 establishes a solid support base.
Actionable Trade Plan:
- Suggested Entry:
$82.50
- Stop Loss:
$80.00 (2.99% risk)
- Take Profit Targets:
1.
$84.00 (1.82% gain)
2.
$85.50 (3.93% gain)
3.
$96.50 (17.5% gain)
With the potential for a 17% ROI on the third target, this trade plan aligns with the current market dynamics. Monitor price action closely for any signs of reversal or acceleration.
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