Dec. 25 at 2:06 PM
Actionable Trade Alert for
$PINS:
Market Context:
$PINS is currently trading at
$26.13, below the 30-day moving average (MA30) of
$26.25 and significantly below the 50-day moving average (MA50) of
$28.4. The RSI at 38.96 indicates that the stock is nearing oversold territory, suggesting potential for a reversal.
Directional Bias: The stock is trading within a 60-day high of
$35.42 and a low of
$24.37. Given the current RSI and proximity to the lower range, there is a bullish bias for a rebound.
Trade Plan:
- Suggested Entry:
$26.00
- Stop Loss:
$24.00 (8% risk)
- Take Profit Targets:
1.
$28.00 (7.65% gain)
2.
$30.00 (15.65% gain)
3.
$30.60 (17.50% gain)
With a potential ROI of over 17% at target 3, this trade offers a favorable risk-reward ratio. Monitor the stock for entry and adjust stop loss as necessary.
https://privateprofiteers.com
