Dec. 12 at 12:04 AM
Actionable Trade Alert for
$VLY:
Market Context:
$VLY is currently trading at
$11.98, showing strong momentum with an RSI of 89.45, indicating it's overbought. The stock is near its 60D high of
$12.02, suggesting a potential resistance level.
Directional Bias: The high RSI suggests a possible pullback, but the stock has broken above the 30-day moving average (MA30) of
$11.1 and the 50-day moving average (MA50) of
$10.9, indicating bullish sentiment. The range between the 60D high and low (
$12.02 -
$9.64) shows a healthy volatility, supporting potential for profit.
Trade Plan:
- Suggested Entry:
$11.98
- Stop Loss:
$11.70 (2.3% below entry)
- Take Profit Targets:
- Target 1:
$12.20 (1.84% ROI)
- Target 2:
$12.50 (4.34% ROI)
- Target 3:
$14.05 (17.45% ROI)
Monitor the trade closely, as the high RSI may lead to volatility. Adjust targets and stop loss as needed.
For more insights, visit https://privateprofiteers.com.
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