Nov. 14 at 3:03 AM
$VRT Trade Plan:
Market Context: The last close was
$163.64, indicating a current price near the 60D low of
$118.7 and below the 30-day moving average (MA30) of
$178.8. The RSI at 37.46 suggests the stock is nearing oversold conditions.
Directional Bias: The price is below both the MA30 and MA50 (163.44), indicating a bearish trend. However, the proximity to the 60D low suggests potential for a reversal or bounce. The ATR of 10.71 indicates volatility, allowing for reasonable price movement.
Suggested Entry: Consider entering a long position at
$165, slightly above the last close, to confirm upward momentum.
Stop: Set a stop-loss at
$155 to manage risk, below recent support levels.
Targets: First target at
$175, near the MA30, and a second target at
$185, aligning with potential resistance levels.
Monitor the price action closely for any signs of reversal.
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