Dec. 6 at 3:00 AM
Actionable Trade Alert for
$POR:
Market Context:
$POR is currently trading at
$48.73, showing a bearish sentiment with an RSI of 35.73, indicating potential oversold conditions. The price is above the 30-day moving average (MA30) of
$48.46 but below the 50-day moving average (MA50) of
$46.59, suggesting a mixed short-term outlook. The 60-day high of
$51.14 and low of
$41.80 establishes a range that can be leveraged for potential gains.
Directional Bias: Given the RSI below 40, there is a likelihood of a rebound, and the proximity to the MA30 suggests a potential upward correction.
Trade Plan:
- Suggested Entry:
$48.73
- Stop Loss:
$46.50 (approximately 4.6% below entry)
- Take Profit Targets:
- Target 1:
$50.00 (2.6% gain)
- Target 2:
$51.00 (4.4% gain)
- Target 3:
$57.00 (17% gain)
This plan allows for a strategic approach to capitalize on potential upward movement while managing risk effectively.
https://privateprofiteers.com
