Dec. 6 at 3:36 AM
Actionable Trade Alert for
$VERX:
Market Context:
$VERX is currently trading at
$19.45, with a Relative Strength Index (RSI) of 37.13, indicating it is in oversold territory. The recent price action shows a 60-day high of
$26.54 and a low of
$18.54, suggesting a potential rebound from the lower end of this range.
Directional Bias: The RSI below 40 signals a potential bullish reversal. The 30-day moving average (MA30) at
$20.81 and the 50-day moving average (MA50) at
$22.49 indicate a bearish trend, but the proximity to the 60-day low suggests a possible upward correction.
Trade Plan:
- Suggested Entry:
$19.50
- Stop Loss:
$18.50 (risking
$1.00)
- Take Profit Targets:
1.
$21.00 (approx. 7.7% ROI)
2.
$23.00 (approx. 17.5% ROI)
3.
$22.80 (approx. 16.5% ROI)
With a solid risk-reward ratio, this trade offers potential upside while managing downside risk effectively.
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