Dec. 17 at 3:49 AM
Actionable Trade Alert for
$OZK:
Market Context:
$OZK is currently experiencing bullish momentum, closing at
$48.09. The RSI at 73.79 indicates overbought conditions, suggesting potential for a pullback. However, the stock is above its 30-day MA of 45.5 and 50-day MA of 46.4, indicating strong upward momentum.
Directional Bias: The price is near the 60-day high of 52.83, which could act as a resistance level. Given the current metrics, we anticipate a short-term pullback followed by a continuation of the uptrend.
Trade Plan:
- Suggested Entry:
$48.09 (last close)
- Stop Loss:
$46.00 (approximately 4.35% below entry)
- Take Profit Targets:
1. Target 1:
$50.00 (3.98% gain)
2. Target 2:
$52.00 (7.95% gain)
3. Target 3:
$56.00 (16.49% gain)
This plan offers a potential ROI of over 17% on the third target while maintaining a manageable risk. Monitor RSI for signs of reversal.
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