Dec. 6 at 3:05 AM
Actionable Trade Alert for
$REYN:
Market Context:
$REYN closed at
$24.15, showing a neutral RSI of 41.37, indicating potential for upward movement as it is below the 50 threshold. The stock is trading near its 30-day MA of
$24.4 and 50-day MA of
$24.2, suggesting resistance levels. The 60-day high of
$26.25 provides a clear target for potential gains.
Directional Bias: With the RSI below 50 and the stock price near the moving averages, there is a potential for a bullish reversal, especially as it is closer to the 60-day low of
$22.61.
Trade Plan:
- Suggested Entry:
$24.15
- Stop Loss:
$23.50 (approximately 2.7% risk)
- Take Profit Targets:
1.
$25.00 (3.5% gain)
2.
$25.75 (6.6% gain)
3.
$28.25 (17% gain)
This plan provides a favorable risk-reward ratio while targeting significant upside potential.
For more insights, visit https://privateprofiteers.com.
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