Dec. 5 at 10:39 PM
$SR: Current market context shows a bearish sentiment with the last close at
$82.37, while the RSI at 29.39 indicates oversold conditions, suggesting a potential reversal. The price is below both the 30-day MA of 87.33 and the 50-day MA of 85.69, reinforcing the bearish trend. However, the proximity to the 60-day low of
$74.81 presents a buying opportunity for a rebound.
Actionable Trade Alert:
- Suggested Entry:
$82.50
- Stop Loss:
$79.50 (3% below entry)
- Take Profit Targets:
1.
$85.00 (Target 1: 3% ROI)
2.
$88.00 (Target 2: 6.5% ROI)
3.
$96.00 (Target 3: 16.5% ROI)
With the potential for a significant upside given the current oversold conditions, this trade plan aims for a recovery towards the recent high. Monitor closely for market shifts.
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