Dec. 8 at 11:17 PM
Actionable Trade Alert for
$REG:
Market Context: The stock is currently trading at
$68.3, below both the 30-day moving average (MA30) of
$69.95 and the 50-day moving average (MA50) of
$70.74, indicating a bearish trend. The RSI at 43.19 suggests that the stock is nearing oversold territory, which could lead to a potential reversal.
Directional Bias: Given the current price is closer to the 60-day low of
$67.27 and below key moving averages, the bias remains cautiously bearish but with potential for a rebound.
Trade Plan:
- Suggested Entry:
$68.5 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$67.0 (below the 60D low to limit risk)
- Take Profit Targets:
1. Target 1:
$70.0 (3% gain)
2. Target 2:
$71.5 (4.5% gain)
3. Target 3:
$80.0 (17% gain)
This plan offers a structured approach to capitalize on a potential upward reversal while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
