Dec. 19 at 4:58 PM
Actionable Trade Alert for
$SITE:
Market Context: The last close for
$SITE is
$127.66, with an RSI of 35.58 indicating it is currently oversold. The stock is trading below its 30-day moving average (MA30) of
$128.82 and above its 50-day moving average (MA50) of
$126.71, suggesting a potential reversal.
Directional Bias: Given the oversold RSI and proximity to the 60-day low of
$116.08, there is potential for a bullish reversal. The ATR of 4.74 indicates moderate volatility, allowing for reasonable target setting.
Trade Plan:
- Suggested Entry:
$127.66
- Stop Loss:
$124.00 (approx. 2.09% below the entry)
- Take Profit Targets:
1.
$132.00 (3.47% gain)
2.
$136.00 (6.52% gain)
3.
$149.00 (16.67% gain)
The third target offers a potential ROI of 17% or more. Monitor for price action near targets and adjust stop loss accordingly.
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