Nov. 13 at 1:43 AM
$ACM is currently trading at
$131.74, showing a moderate bullish sentiment with an RSI of 55.58, indicating potential for upward movement but not yet overbought. The price is above the 30-day moving average (MA30) of
$131.58 and significantly above the 50-day moving average (MA50) of
$130.26, suggesting a bullish trend in the short term. The recent 60-day high of
$135.00 presents a resistance level, while the low of
$119.13 indicates a solid support base.
For a trade plan, consider entering at
$132.00, just above the current price, to capitalize on upward momentum. Set a stop loss at
$129.50 to manage risk. Target the first profit level at
$135.00, aligning with the 60D high, and a second target at
$137.50, which allows for further gains if momentum continues.
Monitor the ATR of 2.7 for volatility considerations.
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