Dec. 25 at 2:37 PM
Actionable Trade Alert for
$UWMC:
Market Context:
$UWMC is currently trading at
$4.65, showing a significant oversold condition with an RSI of 7.41. This suggests a potential reversal as the stock is well below its moving averages (MA30 at
$5.29 and MA50 at
$5.41). The recent 60-day high of
$6.31 indicates room for upward movement.
Directional Bias: The extreme RSI suggests a bullish reversal is likely, especially as the price is near the 60D low of
$4.61. The stock is positioned for a potential rally towards its moving averages.
Suggested Entry: Buy at
$4.70.
Stop Loss: Set at
$4.60 (2.1% risk).
Take Profit Targets:
1.
$5.00 (6.4% gain)
2.
$5.50 (17% gain)
3.
$5.50 (17% gain)
This trade plan provides a structured approach to capitalize on the potential upward movement in
$UWMC while managing risk effectively.
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