Nov. 13 at 2:06 AM
$AA Trade Plan:
Market Context: The last close at
$37.48 shows a stable position within a defined range, with the 60-day high at
$41.55 and a low at
$28.92. The current RSI of 55.7 indicates a neutral to slightly bullish momentum, suggesting potential for upward movement.
Directional Bias: The price is above the 30-day moving average (MA30) of
$36.82 and significantly above the 50-day moving average (MA50) of
$35.0, indicating a bullish trend. The RSI is not overbought, allowing for further upward potential.
Suggested Entry: Consider entering a long position at
$37.60, slightly above the last close to confirm upward momentum.
Stop: Set a stop loss at
$36.50 to manage risk below the MA30.
Targets: First target at
$40.00, approaching the 60-day high, and a second target at
$41.00, just below the 60-day high of
$41.55.
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