Dec. 25 at 2:05 PM
$VG Actionable Trade Alert:
Market Context:
$VG is currently trading at
$7.23, showing a moderate RSI of 53.74, indicating a neutral trend but potential for upward movement. The recent price is above the 30-day moving average (MA30) of
$6.92, suggesting bullish momentum. However, it is below the 50-day moving average (MA50) of
$7.66, indicating resistance.
Directional Bias: The price is positioned within the 60-day high of
$14.82 and low of
$5.72, providing a wide range for potential gains. The ATR of 0.39 indicates moderate volatility, allowing for reasonable price swings.
Trade Plan:
- Suggested Entry:
$7.25
- Stop Loss:
$6.85 (approximately 5.5% below entry)
- Take Profit Targets:
1.
$8.00 (10.3% gain)
2.
$9.00 (24.1% gain)
3.
$8.50 (17.4% gain)
With these targets, we expect a potential ROI of 17% or more on the third target while maintaining a manageable risk.
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