Dec. 10 at 4:33 AM
Actionable Trade Alert for
$VVV:
Market Context:
$VVV is currently trading at
$30.00, showing a bearish sentiment as indicated by the RSI of 41.71, which is below the neutral 50 level. The price is also below the 30-day MA of 31.42 and the 50-day MA of 32.76, suggesting a downward trend. However, the price is near the 60-day low of 29.29, indicating potential support.
Directional Bias: The current RSI suggests that
$VVV is not overbought, and with the price close to the 60-day low, there may be a reversal opportunity.
Trade Plan:
- Suggested Entry:
$30.00
- Stop Loss:
$28.50 (1.5 ATR below entry)
- Take Profit Targets:
- Target 1:
$33.00 (10% ROI)
- Target 2:
$35.00 (16.67% ROI)
- Target 3:
$35.50 (17% ROI)
Monitor the price action closely, as a break above the 30-day MA could confirm a bullish reversal.
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