Dec. 17 at 2:47 AM
Actionable Trade Alert for
$PINS:
Market Context:
$PINS is currently trading at
$25.79, showing a moderate RSI of 52.47, indicating a neutral market sentiment. The stock is positioned below both the 30-day MA of
$26.58 and the 50-day MA of
$29.08, suggesting potential resistance ahead.
Directional Bias: The recent price action is bounded between a 60-day high of
$35.72 and a low of
$24.37. The current price is closer to the low, indicating a possible rebound opportunity. The ATR of
$0.82 suggests moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$25.80
- Stop Loss:
$24.50 (approximately 5% risk)
- Take Profit Targets:
1.
$28.00 (8.5% gain)
2.
$30.00 (16.5% gain)
3.
$30.50 (17.5% gain)
With the potential for a rebound and a favorable risk-reward ratio, this trade can yield a 17% ROI on the third target.
For more insights, visit https://privateprofiteers.com.
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