Dec. 6 at 2:49 AM
Actionable Trade Alert for
$WAY:
Market Context:
$WAY is currently trading at
$35.4, within a range defined by a 60D high of
$40.35 and a low of
$33.86. The RSI at 47.45 indicates neutral momentum, suggesting potential for upward movement.
Directional Bias: The price is below both the 30-day (36.52) and 50-day (36.86) moving averages, indicating a bearish short-term trend. However, the proximity to the 60D low suggests a potential reversal opportunity.
Trade Plan:
- Suggested Entry:
$35.5
- Stop Loss:
$33.5 (approximately 5.6% below entry)
- Take Profit Targets:
1.
$37.5 (Target 1: 5.6% ROI)
2.
$39.0 (Target 2: 10.6% ROI)
3.
$41.5 (Target 3: 17.2% ROI)
Rationale: The targets are set based on the high-low range and potential resistance levels, with a focus on achieving at least a 17% ROI on the third target. Monitor RSI for momentum shifts.
https://privateprofiteers.com
