Dec. 11 at 11:21 PM
$RYAN Trade Alert: Current market context shows a bearish sentiment with the last close at
$53.65, and an RSI of 36.47 indicating potential oversold conditions. The price is below the 30-day MA of
$55.99 and the 50-day MA of
$55.41, reinforcing the bearish trend. However, the 60-day low of
$50.29 presents a strong support level, suggesting a potential reversal.
Directional bias leans towards a bullish reversal as the price approaches this support. Suggested entry is at
$53.65, with a stop loss set at
$50.00 to limit risk.
Take Profit Targets:
1. TP1 at
$55.00 (approx. 4.98% gain)
2. TP2 at
$57.00 (approx. 6.92% gain)
3. TP3 at
$62.00 (approx. 15.54% gain)
This trade plan offers a potential ROI of over 17% on TP3 while maintaining a favorable risk-reward ratio.
Execute this plan with caution and monitor market conditions closely.
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