Dec. 25 at 1:47 PM
Actionable Trade Alert for
$RMD:
Market Context:
$RMD is currently trading at
$244.44, below its 30-day moving average (MA30) of
$249.27 and 50-day moving average (MA50) of
$252.59, indicating a bearish sentiment. The RSI at 40.87 suggests that the stock is nearing oversold territory, which may lead to a potential reversal.
Directional Bias: Given the proximity to the 60-day low of
$237.63 and the RSI indicating potential oversold conditions, we anticipate a bullish reversal in the near term.
Trade Plan:
- Suggested Entry:
$245.00
- Stop Loss:
$237.00 (below the 60D low)
- Take Profit Targets:
1.
$255.00 (Target 1, 4.08% ROI)
2.
$265.00 (Target 2, 8.16% ROI)
3.
$286.00 (Target 3, 17.00% ROI)
This trade plan allows for a solid risk-reward ratio while targeting a significant ROI on the third take profit. Monitor market conditions closely for any changes.
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