Dec. 8 at 11:48 PM
$STUB: The current market context shows a close at
$12.59, with an RSI of 48.67 indicating a neutral momentum. The stock is trading below its 30-day (MA30) and 50-day (MA50) moving averages, suggesting potential bearish pressure. However, the proximity to the 60-day low of
$9.83 provides a support level, while the 60-day high of
$27.89 indicates significant upside potential.
Directional bias is cautiously bullish, as the stock could rebound from its current level. Suggested entry is at
$12.60, with a stop loss set at
$11.50.
Take Profit Targets:
1. TP1:
$14.00 (approx. 11.2% ROI)
2. TP2:
$16.00 (approx. 27.3% ROI)
3. TP3:
$14.75 (approx. 17% ROI)
This trade plan allows for a balanced approach, capturing short to medium-term gains while managing risk effectively. Monitor market conditions closely for any changes.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
