Dec. 25 at 2:39 PM
Actionable Trade Alert for
$AAON:
Market Context:
$AAON is currently trading at
$75.79, significantly below its 60-day high of
$116.04, indicating potential for a rebound. The RSI at 27.58 suggests that the stock is oversold, which often precedes a price correction. The moving averages (MA30 at 86.0 and MA50 at 91.91) indicate a bearish trend, but the current price is well below these averages, providing a potential entry point for a reversal.
Directional Bias: Given the oversold RSI and proximity to the 60-day low of
$73.19, there is a bullish bias for a short-term recovery.
Trade Plan:
- Suggested Entry:
$76.00
- Stop Loss:
$73.00 (risking
$3.00)
- Take Profit Targets:
1.
$82.00 (Target 1: 7.89% ROI)
2.
$88.00 (Target 2: 15.79% ROI)
3.
$89.00 (Target 3: 17.14% ROI)
This strategy allows for a favorable risk-reward ratio while capitalizing on potential price recovery.
https://privateprofiteers.com
