Dec. 10 at 4:23 AM
Actionable Trade Alert for
$PBF:
Market Context:
$PBF closed at
$31.45, significantly below its 60-day high of
$41.48, indicating potential for a rebound. The RSI at 10.62 signals oversold conditions, suggesting a bullish reversal may be imminent.
Directional Bias: Given the RSI is extremely low and the price is near the 60-day low of
$27.45, there is a strong potential for upward movement. The price is also below both the 30-day MA of
$35.51 and the 50-day MA of
$33.33, indicating a potential shift in momentum.
Suggested Trade Plan:
- Entry:
$31.45
- Stop Loss:
$28.50 (approx. 9.3% below entry)
- Take Profit Targets:
1.
$34.00 (Target 1: 8.1% ROI)
2.
$37.00 (Target 2: 17.8% ROI)
3.
$36.80 (Target 3: 17% ROI)
With the potential for a significant rebound and favorable risk-reward ratio, this trade presents a compelling opportunity. Monitor closely for market changes.
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