Dec. 6 at 2:32 AM
Actionable Trade Alert for
$QS
Market Context:
$QS is currently trading at
$12.97, with a 60-day high of
$19.07 and a low of
$8.29, indicating a significant range. The RSI at 43.51 suggests it is neither overbought nor oversold, providing room for upward movement. The MA30 and MA50 are above the current price, indicating potential resistance levels.
Directional Bias: The price is below both the MA30 (14.24) and MA50 (14.52), suggesting a bearish short-term trend. However, the proximity to the 60D low indicates a potential reversal opportunity.
Trade Plan:
- Suggested Entry:
$13.10 (slightly above the last close for confirmation)
- Stop Loss:
$11.50 (approximately 12% below entry)
- Take Profit Targets:
- TP1:
$15.00 (14.5% ROI)
- TP2:
$16.00 (22.9% ROI)
- TP3:
$15.20 (16.1% ROI)
This plan aims for a minimum of 17% ROI on TP3 while managing risk with a defined stop loss.
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