Dec. 19 at 5:31 PM
Actionable Trade Alert for
$WSC:
Market Context:
$WSC is currently trading at
$18.43, below its 30-day moving average (MA30) of
$18.96 and 50-day moving average (MA50) of
$20.12. The RSI at 39.25 indicates that the stock is nearing oversold territory, suggesting potential upward momentum. The 60-day high of
$23.07 and low of
$14.91 establishes a range that can provide key resistance and support levels.
Directional Bias: With the RSI indicating bearish momentum but approaching oversold conditions, and the price below both MAs, a potential reversal could occur, making this a strategic entry point.
Trade Plan:
- Suggested Entry:
$18.50
- Stop Loss:
$17.00 (risking
$1.50)
- Take Profit Targets:
1.
$20.00 (Target 1, 8.06% ROI)
2.
$21.50 (Target 2, 16.39% ROI)
3.
$21.50 (Target 3, 17.00% ROI)
This plan aims for a minimum of 17% ROI on the third target while maintaining a manageable risk-reward ratio.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
