Dec. 10 at 3:33 AM
Actionable Trade Alert for
$VTRS:
Market Context:
$VTRS closed at
$11.19, showing a strong upward momentum with an RSI of 64.12, indicating it's nearing overbought territory but still has room to run. The stock is above its 30-day MA of
$10.61 and 50-day MA of
$10.42, suggesting a bullish trend.
Directional Bias: The recent high of
$11.32 indicates resistance, while the low of
$9.43 provides a solid support level. The current price is close to the 60D high, which may attract profit-taking, but overall momentum remains positive.
Trade Plan:
- Suggested Entry:
$11.20
- Stop Loss:
$10.80 (3.6% risk)
- Take Profit Targets:
- Target 1:
$11.50 (2.68% gain)
- Target 2:
$11.80 (5.24% gain)
- Target 3:
$13.10 (17% gain)
With a favorable risk-reward ratio, this trade setup aims for significant upside potential while managing risk effectively.
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