Dec. 8 at 11:45 PM
Actionable Trade Alert for
$VNO:
Market Context:
$VNO is currently trading at
$34.27, showing a moderate RSI of 56.57, indicating a neutral to slightly bullish sentiment. The price is below the 30-day moving average (MA30) of
$35.91 and the 50-day moving average (MA50) of
$37.49, suggesting potential upward momentum if it breaks above these levels.
Directional Bias: The RSI indicates that
$VNO is not overbought, leaving room for upward movement. The recent high of
$43.37 and low of
$32.61 within the last 60 days provides a solid range for potential gains.
Trade Plan:
- Suggested Entry:
$34.50 (slightly above the current price to confirm upward momentum)
- Stop Loss:
$32.50 (below the 60D low for risk management)
- Take Profit Targets:
1.
$37.00 (Target 1, approx. 7.2% ROI)
2.
$39.00 (Target 2, approx. 13.5% ROI)
3.
$40.00 (Target 3, approx. 16.5% ROI)
This plan aims for a minimum of 16.5% ROI on the third target.
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