Dec. 19 at 3:46 PM
Actionable Trade Alert for
$WRB:
Market Context:
$WRB is currently trading at
$69.55, showing signs of weakness with an RSI of 24.12, indicating oversold conditions. The 60D High is at
$78.96, while the 60D Low is at
$65.39, providing a clear range for potential price movement.
Directional Bias: Given the low RSI and proximity to the 60D Low, there is a potential for a rebound. However, the price is below both the 30-day MA (73.55) and the 50-day MA (74.02), indicating a bearish trend. A reversal could occur, but caution is warranted.
Trade Plan:
- Suggested Entry:
$69.55
- Stop Loss:
$65.00 (below 60D Low for protection)
- Take Profit Targets:
1.
$73.00 (TP1, 5% gain)
2.
$76.00 (TP2, 9% gain)
3.
$81.50 (TP3, 17% gain)
Monitor the price action closely; if it breaks below
$65.00, consider exiting.
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