Dec. 10 at 3:16 AM
Actionable Trade Alert for
$VG:
Market Context:
$VG is currently trading at
$6.63, with an RSI of 31.59 indicating it is oversold. The stock is below its 30-day MA of 7.64 and 50-day MA of 9.0, suggesting bearish momentum. However, the proximity to the 60-day low of 6.5 may provide a potential reversal point.
Directional Bias: Given the oversold RSI and the recent low, there is a potential for a bounce back. The ATR of 0.44 indicates relatively low volatility, which may aid in a more predictable price movement.
Trade Plan:
- Suggested Entry:
$6.70 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$6.50 (below the 60D low to manage risk)
- Take Profit Targets:
1.
$7.50 (targeting a 11.97% gain)
2.
$8.00 (targeting a 19.70% gain)
3.
$7.80 (targeting a 17.50% gain)
This plan allows for a strategic entry with a favorable risk-reward ratio.
For more insights, visit https://privateprofiteers.com.
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