Dec. 25 at 3:31 PM
$PTRN: Actionable Trade Alert
Market Context:
$PTRN is currently trading at
$11.48, significantly below its 60-day high of
$20.1, indicating potential for a rebound. The RSI at 17.65 suggests that the stock is oversold, which typically precedes a price correction. The moving averages (MA30 at 13.94 and MA50 at 14.88) indicate a bearish trend, but the extreme RSI signals a possible reversal.
Directional Bias: Bullish. The stock's recent low of
$11.3 provides a solid support level, while the oversold RSI indicates a strong likelihood of upward movement.
Trade Plan:
- Suggested Entry:
$11.50
- Stop Loss:
$11.30 (risking 1.74%)
- Take Profit Targets:
1.
$13.00 (TP1: 13.04% ROI)
2.
$14.00 (TP2: 21.09% ROI)
3.
$13.50 (TP3: 17.60% ROI)
This plan aims for a minimum of 17% ROI on TP3, capitalizing on the potential reversal from oversold conditions.
https://privateprofiteers.com
