Dec. 15 at 5:56 AM
Actionable Trade Alert for
$VEEV:
Market Context:
$VEEV is currently trading at
$223.26, significantly below its 30-day moving average (MA30) of
$262.99 and 50-day moving average (MA50) of
$274.51. The RSI is at 20.98, indicating that the stock is oversold, suggesting potential for a rebound.
Directional Bias: Given the low RSI and proximity to the 60-day low of
$219.8, there is a bullish bias for a short-term reversal. The stock has room to move towards its recent high of
$310.5.
Trade Plan:
- Suggested Entry:
$223.50
- Stop Loss:
$217.00 (below 60D low)
- Take Profit Targets:
1.
$240.00 (7.4% ROI)
2.
$260.00 (16.4% ROI)
3.
$260.00 (17.4% ROI)
This plan allows for a strategic entry with a favorable risk-reward ratio, leveraging the oversold condition and potential price recovery.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
