Dec. 11 at 11:13 PM
$VG Trade Alert: Current market context shows a bearish sentiment as the last close is at
$6.14, with an RSI of 34.74 indicating oversold conditions. The price is significantly below the MA30 of
$7.44 and MA50 of
$8.67, suggesting further downside potential. However, with the 60D low at
$5.87, we may see a bounce back towards the mid-range.
Directional bias leans towards a potential reversal. Suggested entry is at
$6.20, just above the last close to confirm upward momentum. Set a stop loss at
$5.80 to limit downside risk.
Take Profit Targets:
1. TP1:
$7.00 (approx. 12.9% ROI)
2. TP2:
$8.00 (approx. 29.2% ROI)
3. TP3:
$7.20 (approx. 16.2% ROI)
Target 3 aligns with a 17% ROI, making this trade actionable. Monitor RSI for potential bullish divergence as we approach targets.
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