Dec. 25 at 2:55 PM
$RITM: Current market context shows the stock closing at
$11.16, sitting at the 30-day moving average (MA30) of
$11.16, indicating potential support. The RSI at 42.54 suggests the stock is nearing oversold territory, which could lead to a bullish reversal. The recent 60-day high of
$11.61 offers a resistance level to watch.
Actionable Trade Alert:
- Suggested Entry:
$11.20 (slightly above current close to confirm upward momentum)
- Stop Loss:
$10.90 (below recent low to manage risk)
- Take Profit Targets:
1.
$11.50 (3% gain)
2.
$11.75 (4.9% gain)
3.
$13.10 (17% gain)
The targets are set based on the high-low range and potential breakout above the recent high. Monitor RSI for bullish divergence as an additional confirmation.
Trade Plan: Enter at
$11.20, set stop at
$10.90, and aim for the three targets outlined.
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