Dec. 10 at 4:20 AM
Actionable Trade Alert for
$ACIW:
Market Context:
$ACIW closed at
$45.47, positioned near the 60D low of
$45.12, indicating potential support. The RSI at 43.72 suggests the stock is nearing oversold territory, which may lead to a reversal.
Directional Bias: The current price is below both the 30-day (47.12) and 50-day (48.74) moving averages, indicating a bearish trend. However, the proximity to the 60D low and the RSI suggests a possible short-term bullish reversal.
Trade Plan:
- Suggested Entry:
$45.50
- Stop Loss:
$44.50 (1.0 ATR below entry)
- Take Profit Targets:
- Target 1:
$47.00 (3.3% ROI)
- Target 2:
$48.00 (5.5% ROI)
- Target 3:
$53.00 (16.5% ROI)
Rationale: The targets are set based on resistance levels and the potential for recovery towards the 60D high of
$54.28. The stop loss is strategically placed to limit risk while allowing for volatility.
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