Dec. 25 at 3:03 PM
$SEE: Current market context shows a bearish sentiment with the last close at
$41.36 and an RSI of 31.15, indicating oversold conditions. The price is below the 30-day moving average (MA30) of
$41.95 and the 50-day moving average (MA50) of
$39.20, suggesting potential downward pressure. However, the stock is near the 60-day low of
$32.57, which may provide a support level for a reversal.
Directional bias is cautiously bullish due to the oversold RSI, indicating a potential bounce. Suggested entry is at
$41.50, slightly above the last close to confirm upward momentum. Set a stop loss at
$39.00 to manage risk.
Take profit targets are as follows:
1. TP1 at
$43.00 (3.7% ROI)
2. TP2 at
$44.00 (6.0% ROI)
3. TP3 at
$48.50 (17.3% ROI)
This plan leverages the potential for a rebound while managing risk effectively. Monitor price action closely for confirmation.
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