Dec. 25 at 2:25 PM
$PR: Current market context shows a bearish sentiment with the last close at
$13.88, and an RSI of 33.33 indicating oversold conditions. The price is below both the 30-day MA of
$14.2 and the 50-day MA of
$13.55, suggesting a downward trend. However, the proximity to the 60-day low of
$11.92 presents a potential reversal opportunity.
Directional bias leans towards a bullish reversal as the stock approaches the lower end of its 60-day range. Suggested entry is at
$13.90, with a stop loss at
$13.50 to limit potential losses.
Take profit targets are set as follows:
1. TP1:
$14.30 (3% gain)
2. TP2:
$14.80 (6.6% gain)
3. TP3:
$16.25 (17.5% gain)
This trade plan leverages the potential for a rebound from oversold levels, while maintaining a favorable risk-reward ratio.
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