Dec. 19 at 4:54 PM
Actionable Trade Alert for
$PTCT:
Market Context:
$PTCT is currently trading at
$74.59, significantly below its 60-day high of
$87.5 and near its 60-day low of
$57.74. The RSI at 23.04 indicates the stock is oversold, suggesting a potential reversal.
Directional Bias: Given the low RSI and proximity to the 60-day low, we anticipate a bullish reversal. The 30-day moving average (MA30) at
$76.63 serves as resistance, while the 50-day moving average (MA50) at
$72.91 provides support.
Trade Plan:
- Suggested Entry:
$74.59
- Stop Loss:
$71.00 (approx. 4% risk)
- Take Profit Targets:
1. Target 1:
$78.00 (4.3% gain)
2. Target 2:
$82.00 (9.8% gain)
3. Target 3:
$87.00 (16.6% gain)
This plan offers a risk-reward ratio that aligns with our 17% ROI goal on the third target. Monitor closely for price action around the MA30.
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