Dec. 11 at 11:03 PM
$PPL: Current market context shows the stock closing at
$33.53 with an RSI of 31.89, indicating it is oversold and may be due for a rebound. The 30-day moving average (MA30) is at
$35.82 and the 50-day moving average (MA50) is at
$36.41, suggesting a bearish trend in the short term, but the proximity to the 60-day low of
$33.17 indicates potential support.
Directional bias leans towards a bullish reversal given the oversold RSI and the potential for a bounce back towards the moving averages.
Suggested trade plan:
- Entry:
$33.60 (slightly above last close)
- Stop Loss:
$32.80 (risking
$0.80)
- Take Profit Targets:
1.
$34.50 (Target 1: 2.67% ROI)
2.
$35.50 (Target 2: 5.27% ROI)
3.
$39.25 (Target 3: 17% ROI)
This trade plan allows for a strategic entry with multiple profit-taking opportunities while managing risk effectively.
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