Dec. 25 at 1:23 PM
Actionable Trade Alert for
$UBER:
Market Context: Currently,
$UBER is trading at
$81.15, significantly below its 60-day high of
$101.29 and near its 60-day low of
$78.31. The RSI of 26.48 indicates that the stock is oversold, suggesting potential for a rebound.
Directional Bias: Given the low RSI and the proximity to the 60-day low, there is a bullish bias for a short-term recovery. The stock is also trading below its 30-day (MA30) and 50-day (MA50) moving averages, which could indicate a reversal opportunity.
Trade Plan:
- Suggested Entry:
$81.15
- Stop Loss:
$78.00 (below the 60D low)
- Take Profit Targets:
1.
$85.00 (5% gain)
2.
$90.00 (11% gain)
3.
$95.00 (17% gain)
This plan offers a potential ROI of over 17% on the third target. Monitor the trade closely for volatility, as the ATR is 2.5.
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