Dec. 15 at 6:46 AM
Actionable Trade Alert for
$ACI:
Market Context:
$ACI is currently trading at
$17.36, with an RSI of 45.39 indicating neutral momentum. The stock is below both the 30-day MA of
$17.69 and the 50-day MA of
$17.96, suggesting potential bearish pressure. However, the stock has a recent 60-day high of
$20.00, indicating room for upward movement.
Directional Bias: Given the current price is close to the 60D low of
$16.70, there is potential for a rebound. The ATR of
$0.38 suggests moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$17.40 (slightly above last close)
- Stop Loss:
$16.80 (below recent support)
- Take Profit Targets:
- Target 1:
$18.00 (3.4% gain)
- Target 2:
$19.00 (9.4% gain)
- Target 3:
$20.00 (15.1% gain)
Target 3 provides an approximate 15.1% ROI, aligning with our goal of 17% or more. Monitor RSI and MA for confirmation of upward momentum.
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