Dec. 5 at 10:56 PM
Actionable Trade Alert for
$VVV:
Market Context:
$VVV is currently trading at
$30.68, positioned near its 60D Low of
$29.29, indicating potential for a reversal. The RSI at 41.81 suggests that the stock is nearing oversold territory, which may lead to upward momentum. The stock is below both the 30-day MA (31.73) and the 50-day MA (33.12), indicating bearish pressure but also potential for a rebound.
Directional Bias: With the RSI showing signs of potential recovery and the price near the lower end of the 60-day range, we anticipate a bullish reversal.
Trade Plan:
- Suggested Entry:
$30.70
- Stop Loss:
$29.00 (1.9% below entry)
- Take Profit Targets:
1.
$32.00 (4.3% gain)
2.
$34.00 (10.8% gain)
3.
$36.00 (17.5% gain)
The third target achieves over 17% ROI, aligning with our objective. Monitor closely for price action around the targets.
For more insights, visit https://privateprofiteers.com.
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