Dec. 19 at 4:00 PM
$VG Actionable Trade Alert:
Market Context:
$VG is currently trading at
$6.06, significantly below its 60-day high of
$15.30, indicating potential for a rebound. The RSI at 25.52 suggests that the stock is oversold, which may lead to a price correction. The moving averages (MA30 at 7.07 and MA50 at 7.92) indicate a bearish trend, but the extreme RSI level presents a possible reversal opportunity.
Directional Bias: Given the oversold condition indicated by the RSI and the proximity to the 60-day low of
$5.72, we anticipate a bullish reversal.
Trade Plan:
- Suggested Entry:
$6.10
- Stop Loss:
$5.70 (7% below entry)
- Take Profit Targets:
1. TP1:
$7.00 (14.75% ROI)
2. TP2:
$8.00 (31.15% ROI)
3. TP3:
$7.13 (17% ROI)
This plan aims to capitalize on a potential rebound while maintaining a manageable risk. Monitor closely for price action near targets.
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