Dec. 12 at 12:40 AM
Actionable Trade Alert for
$VCYT:
Market Context:
$VCYT is currently trading at
$42.32, demonstrating a moderate bullish sentiment as indicated by an RSI of 53.92, which suggests potential for upward movement. The price is just below the 30-day moving average (MA30) of
$42.67, indicating a possible reversal point. The 60-day high of
$50.71 provides a strong resistance level, while the 60-day low of
$31.81 offers support.
Directional Bias: The bullish sentiment is supported by the current price being above the 50-day moving average (MA50) of
$39.77, suggesting a positive trend.
Trade Plan:
- Suggested Entry:
$42.50
- Stop Loss:
$39.00 (below MA50 for risk management)
- Take Profit Targets:
1.
$45.00 (5.9% ROI)
2.
$48.00 (12.6% ROI)
3.
$49.50 (16.9% ROI)
This setup offers a solid risk-reward ratio with the potential for over 17% ROI on the third target. Monitor the trade closely for volatility indicated by the ATR of 2.22.
For more insights, visit https://privateprofiteers.com.
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