Dec. 10 at 2:29 AM
Actionable Trade Alert for
$AAPL:
Market Context:
$AAPL is currently trading at
$277.8, showing strong momentum as it approaches the 60D high of
$288.62. The RSI at 66.31 indicates that the stock is nearing overbought territory, suggesting caution but also potential for further upside.
Directional Bias: The stock is above its 30-day MA of
$273.69 and 50-day MA of
$266.51, reinforcing a bullish trend. The recent price action is within a range defined by the 60D high of
$288.62 and low of
$236.32, indicating strong support below current levels.
Trade Plan:
- Suggested Entry:
$278
- Stop Loss:
$270 (2.9% below entry)
- Take Profit Targets:
- Target 1:
$285 (2.5% gain)
- Target 2:
$290 (4.3% gain)
- Target 3:
$325 (17% gain)
With a stop-loss at
$270, the trade offers a favorable risk-reward ratio, particularly with the potential for a significant upside at Target 3.
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