Dec. 8 at 10:16 PM
Actionable Trade Alert for
$AAPL:
Market Context:
$AAPL is currently trading at
$277.24, showing strength but nearing overbought territory with an RSI of 65.12. The stock is above its 30-day MA of
$273.36 and 50-day MA of
$266.03, indicating bullish momentum.
Directional Bias: The upward trend is supported by the price being closer to the 60D high of
$288.62 than the low of
$235.03. The strong RSI suggests potential for further gains, but caution is warranted as it approaches overbought levels.
Trade Plan:
- Suggested Entry:
$278.00 (above last close)
- Stop Loss:
$270.00 (below MA30)
- Take Profit Targets:
- Target 1:
$285.00 (2.5% gain)
- Target 2:
$290.00 (4.6% gain)
- Target 3:
$325.00 (17.2% gain)
With these targets, the trade offers a solid risk-reward ratio, especially with the potential for significant upside. Monitor closely for price action around the entry point.
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