Dec. 12 at 12:48 AM
Actionable Trade Alert for
$AAP:
Market Context:
$AAP is currently trading at
$48.23, positioned between its 60-day high of
$63.53 and low of
$45.45. The RSI at 49.61 indicates a neutral momentum, suggesting potential for upward movement if buying pressure increases.
Directional Bias: The stock is below both the 30-day MA (50.03) and the 50-day MA (52.08), indicating a bearish trend. However, the proximity to the 60-day low suggests a possible reversal. A breakout above the 30-day MA could signal a bullish shift.
Trade Plan:
- Suggested Entry:
$48.50 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$46.50 (below recent support)
- Take Profit Targets:
1.
$52.00 (target 1: approx. 7% ROI)
2.
$55.00 (target 2: approx. 13.7% ROI)
3.
$56.50 (target 3: approx. 17% ROI)
Monitor the stock closely for any changes in momentum.
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