Dec. 15 at 7:38 AM
Actionable Trade Alert for
$SHAK:
Market Context:
$SHAK is currently trading at
$83.16, showing a bearish sentiment with an RSI of 39.3, indicating potential oversold conditions. The price is below both the 30-day MA (87.06) and the 50-day MA (89.13), suggesting a downward trend. However, it is important to note that the stock is trading near the 60-day low of
$76.51, which may provide a support level.
Directional Bias: The bearish trend is supported by the current RSI and moving averages. A reversal may be imminent as the stock approaches the lower end of its recent trading range.
Trade Plan:
- Suggested Entry:
$82.50
- Stop Loss:
$78.00 (approximately 5.5% risk)
- Take Profit Targets:
1.
$90.00 (Target 1: 9.1% ROI)
2.
$95.00 (Target 2: 15.0% ROI)
3.
$97.00 (Target 3: 16.6% ROI)
This plan offers a potential ROI of over 17% on the third target while maintaining a manageable risk.
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