Dec. 31 at 3:10 AM
$PFE Actionable Trade Alert:
Market Context:
$PFE is currently trading at
$24.99, with an RSI of 44.85 indicating neutral momentum. The stock is below its 30-day moving average (MA30) of
$25.36 and 50-day moving average (MA50) of
$25.13, suggesting potential bearish pressure. However, the stock is near the 60-day low of
$23.91, which could provide a support level for a reversal.
Directional Bias: The stock's current position indicates a possible rebound as it approaches the lower end of its recent trading range. A break above the MA30 could signal a bullish reversal.
Trade Plan:
- Suggested Entry:
$25.05 (slightly above current price to confirm upward momentum)
- Stop Loss:
$23.75 (to limit downside risk)
- Take Profit Targets:
1.
$25.75 (3% gain)
2.
$26.50 (6% gain)
3.
$29.25 (17% gain)
This plan allows for a potential 17% ROI on target 3 while managing risk effectively.
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