Dec. 10 at 4:42 AM
Actionable Trade Alert for
$RYN:
Market Context:
$RYN closed at
$21.51, showing a neutral RSI at 52.08, indicating no immediate overbought or oversold conditions. The stock is currently trading below its 30-day moving average (MA30) of
$21.95 and significantly below its 50-day moving average (MA50) of
$23.32, suggesting potential upward momentum if it can break through these resistance levels.
Directional Bias: Given the recent price action near the 60-day low of
$21.06, there is potential for a rebound. The ATR of 0.46 indicates moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$21.51
- Stop Loss:
$20.50 (approximately 4.7% below entry)
- Take Profit Targets:
1.
$23.00 (Target 1: 6.9% gain)
2.
$24.00 (Target 2: 11.5% gain)
3.
$25.25 (Target 3: 17.4% gain)
This plan offers a solid risk-reward ratio, aiming for a minimum 17% ROI at Target 3.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
