Dec. 10 at 4:35 AM
Actionable Trade Alert for
$ACAD:
Market Context:
$ACAD is currently trading at
$26.89, showing strong momentum with an RSI of 73.3, indicating overbought conditions. The stock is above its 30-day MA of
$23.95 and 50-day MA of
$22.87, suggesting bullish sentiment. However, the high of
$27.73 in the last 60 days presents a resistance level that could limit upside potential.
Directional Bias: Given the high RSI, there may be a pullback, but the overall trend remains bullish due to the stock's position above key moving averages. The range between the 60D high (
$27.73) and low (
$19.69) supports potential upward movement.
Trade Plan:
- Suggested Entry:
$26.50
- Stop Loss:
$25.00 (risking
$1.50)
- Take Profit Targets:
1.
$28.00 (Target 1: 5.7% ROI)
2.
$29.00 (Target 2: 9.9% ROI)
3.
$31.50 (Target 3: 17.7% ROI)
Monitor for volatility with an ATR of
$0.92. Adjust positions accordingly.
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