Dec. 17 at 2:50 AM
Actionable Trade Alert for
$ACM
Market Context:
$ACM is currently trading at
$98.33, showing a bearish sentiment with an RSI of 34.94, indicating potential oversold conditions. The price is below the 30-day (MA30) and 50-day (MA50) moving averages, suggesting a downward trend. However, the proximity to the 60-day low of
$97.26 indicates a possible reversal opportunity.
Directional Bias: Given the RSI below 40 and the price below both MAs, the bias is cautiously bullish for a short-term rebound, especially if it breaks above recent resistance levels.
Trade Plan:
- Suggested Entry:
$99.00 (slightly above the current close)
- Stop Loss:
$96.50 (to limit downside risk)
- Take Profit Targets:
1.
$105.00 (Target 1, approx. 6% gain)
2.
$110.00 (Target 2, approx. 11% gain)
3.
$115.00 (Target 3, approx. 17% gain)
This plan aims for a minimum of 17% ROI on the final target while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
