Dec. 17 at 3:03 AM
Actionable Trade Alert for
$RVMD:
Market Context:
$RVMD closed at
$77.56, showing strength above its 30-day moving average (MA30) of
$71.94 and 50-day moving average (MA50) of
$64.35. The RSI at 54.59 indicates a neutral to slightly bullish momentum, suggesting potential for upward movement.
Directional Bias: The stock is positioned well above its recent low of
$42.18 and nearing its 60-day high of
$81.49, indicating bullish sentiment. The ATR of 2.69 suggests moderate volatility, allowing for reasonable price movements.
Trade Plan:
- Suggested Entry:
$78.00
- Stop Loss:
$74.00 (4% below entry)
- Take Profit Targets:
- Target 1:
$82.00 (5.13% ROI)
- Target 2:
$85.00 (8.97% ROI)
- Target 3:
$91.00 (16.67% ROI)
This plan offers a solid risk-reward ratio, with the potential for over 17% ROI on the third target. Monitor market conditions closely.
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