Dec. 17 at 2:40 AM
$PODD: Current market context shows a significant oversold condition with an RSI of 17.97, indicating potential for a reversal. The last close at
$288.68 is near the 60D low of
$287.52, suggesting strong support. The MA30 and MA50 are both above the current price, indicating bearish momentum, but the extreme RSI signals a potential bounce.
Directional bias is bullish due to the oversold RSI. Suggested entry is at
$290.00, with a stop loss set at
$284.00 (below the 60D low).
Take Profit Targets:
1. TP1:
$300.00 (3.45% gain)
2. TP2:
$310.00 (6.89% gain)
3. TP3:
$338.00 (16.89% gain)
Target 3 offers a potential ROI of 17% or more, aligning with the 60D high of
$354.88. This trade plan capitalizes on the oversold condition while managing risk effectively.
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