Dec. 25 at 2:50 PM
Actionable Trade Alert for
$WAY:
Market Context:
$WAY is currently trading at
$33.01, showing a bearish sentiment with an RSI of 37.0, indicating potential oversold conditions. The price is below both the 30-day MA (34.24) and the 50-day MA (35.47), suggesting a downward trend. However, the recent low of
$29.40 provides a strong support level.
Directional Bias: The RSI below 40 indicates weakness, but the proximity to the 60D low suggests a possible reversal point. A bounce from this level could lead to a bullish correction.
Suggested Trade Plan:
- Entry:
$33.10 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$29.20 (below the 60D low for risk management)
- Take Profit Targets:
1.
$35.00 (1st target, approx. 5.7% ROI)
2.
$36.00 (2nd target, approx. 8.5% ROI)
3.
$38.75 (3rd target, approx. 17% ROI)
This plan allows for a strategic entry while managing risk and maximizing potential returns.
For more insights, visit https://privateprofiteers.com.
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