Dec. 17 at 2:55 AM
Actionable Trade Alert for
$WPC:
Current market context shows
$WPC closing at
$64.99, with an RSI of 33.17 indicating oversold conditions. The stock is below its 30-day (66.58) and 50-day (66.88) moving averages, suggesting bearish sentiment. However, the recent low of
$64.39 is close to the current price, indicating potential support.
Directional bias leans bullish as the stock may rebound from oversold levels. Suggested entry at
$65.00. Set a stop loss at
$63.50 to limit downside risk.
Take Profit Targets:
1. TP1 at
$67.00 (3.08% gain)
2. TP2 at
$68.00 (4.62% gain)
3. TP3 at
$76.00 (16.92% gain)
With a risk-reward ratio favoring the upside, this trade plan offers a potential ROI of over 17% on TP3. Monitor the stock closely as it approaches these levels for adjustments.
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