Dec. 6 at 1:59 AM
$PODD: Current market context shows a close at
$315.92, with an RSI of 43.04 indicating a neutral to slightly bearish momentum. The price is below both the 30-day MA of
$323.23 and the 50-day MA of
$320.52, suggesting potential resistance levels. The 60-day high of
$354.88 and low of
$288.02 indicate a wide trading range, creating opportunities for a rebound.
Directional bias remains cautious, but with a potential for upward movement if it breaks above resistance levels.
Suggested trade plan:
- Entry:
$316.50 (slightly above current close to confirm upward momentum)
- Stop Loss:
$302.50 (below recent support)
- Take Profit Targets:
- Target 1:
$330.00 (4.2% ROI)
- Target 2:
$345.00 (9.1% ROI)
- Target 3:
$370.00 (17.1% ROI)
This plan leverages the potential for recovery while managing risk effectively.
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https://privateprofiteers.com
