Dec. 6 at 3:30 AM
Actionable Trade Alert for
$PLMR:
Market Context:
$PLMR is currently trading at
$120.02, with a recent RSI of 26.65 indicating oversold conditions. The stock is below both the 30-day moving average (MA30) of 121.47 and the 50-day moving average (MA50) of 119.1, suggesting bearish sentiment. However, the stock's proximity to the 60-day low of 107.75 presents a potential reversal opportunity.
Directional Bias: Given the oversold RSI and the recent price action, a bullish reversal may be imminent as the stock approaches the lower end of its 60-day range.
Trade Plan:
- Suggested Entry:
$120.02
- Stop Loss:
$116.00 (approximately 3.35% below entry)
- Take Profit Targets:
1.
$124.00 (3.32% gain)
2.
$128.00 (6.65% gain)
3.
$141.00 (17.5% gain)
This plan offers a favorable risk-reward ratio, particularly with the potential for a significant return on the third target.
For more insights, visit https://privateprofiteers.com.
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