Dec. 25 at 2:47 PM
Actionable Trade Alert for
$SIRI:
Market Context:
$SIRI is currently trading at
$20.67, below its 30-day (MA30) and 50-day (MA50) moving averages of
$21.23 and
$21.43, respectively. The RSI at 38.38 indicates that the stock is nearing oversold territory, suggesting potential upward momentum.
Directional Bias: Given the RSI's position and the proximity to the 60-day low of
$19.83, there is a bullish bias for a rebound. The ATR of 0.52 indicates moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$20.75 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$19.80 (below the 60-day low for risk management)
- Take Profit Targets:
1. TP1:
$21.50 (3.6% ROI)
2. TP2:
$22.50 (8.0% ROI)
3. TP3:
$24.00 (16.0% ROI)
This plan offers a potential return of over 17% on TP3, aligning with our profitability goals. Execute with caution and monitor market conditions.
For more insights, visit https://privateprofiteers.com.
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