Dec. 12 at 12:36 AM
Actionable Trade Alert for
$VRRM:
Market Context:
$VRRM closed at
$21.69, showing a strong position within its recent trading range. The RSI at 61.81 indicates bullish momentum, while the proximity to the 60D High of
$25.45 suggests potential upward movement.
Directional Bias: The current RSI indicates strength, and the price is near the MA30 (
$22.18) but below the MA50 (
$22.97). This suggests a bullish bias as the price may aim to break through these moving averages.
Trade Plan:
- Suggested Entry:
$21.75 (slightly above the close to confirm bullish momentum)
- Stop Loss:
$20.61 (just above the 60D Low for protection)
- Take Profit Targets:
1.
$23.00 (approx. 5.76% gain)
2.
$24.00 (approx. 10.93% gain)
3.
$25.45 (approx. 17.60% gain)
This plan allows for a favorable risk-to-reward ratio while targeting significant gains based on recent price action.
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