Dec. 19 at 3:44 PM
Actionable Trade Alert for
$VICI:
Market Context:
$VICI is currently trading at
$28.1, with a Relative Strength Index (RSI) of 38.24, indicating it is nearing oversold territory. The stock is below both the 30-day moving average (MA30) of
$28.96 and the 50-day moving average (MA50) of
$29.66, suggesting bearish momentum. However, the proximity to the 60-day low of
$27.63 indicates potential support.
Directional Bias: Given the current RSI and proximity to the 60-day low, there is a potential for a reversal. A bullish reversal could occur if the stock breaks above the MA30.
Trade Plan:
- Suggested Entry:
$28.20
- Stop Loss:
$27.50 (risking
$0.70)
- Take Profit Targets:
1.
$29.00 (TP1, 2.84% ROI)
2.
$30.00 (TP2, 6.77% ROI)
3.
$32.90 (TP3, 16.60% ROI)
This plan allows for a risk-reward ratio that aligns with a bullish reversal scenario.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
