Dec. 19 at 5:46 PM
Actionable Trade Alert for
$REVG:
Market Context:
$REVG is currently trading at
$60.42, near its 60-day high of
$62.33. The RSI of 73.95 indicates overbought conditions, suggesting a potential pullback. However, the strong upward momentum reflected in the moving averages (MA30 at 54.41 and MA50 at 55.43) supports a bullish bias in the short term.
Directional Bias: Given the high RSI and proximity to the 60-day high, we anticipate a short-term pullback followed by a potential breakout above
$62.33.
Trade Plan:
- Suggested Entry:
$60.42
- Stop Loss:
$58.55 (below recent support)
- Take Profit Targets:
1.
$62.00 (approx. 2.6% gain)
2.
$63.50 (approx. 5.5% gain)
3.
$70.75 (approx. 17% gain)
Rationale: The targets are set based on the recent high and a projected breakout, with the final target reflecting a significant ROI. Monitor price action closely for signs of reversal or continuation.
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