Dec. 6 at 1:54 AM
Actionable Trade Alert for
$ADM:
Market Context:
$ADM is currently trading at
$59.36, positioned within a moderate range between its 60-day high of
$65.00 and low of
$55.58. The RSI at 52.64 indicates a neutral stance, suggesting potential for upward movement.
Directional Bias: The price is slightly below the 30-day moving average (MA30) of
$59.47 and the 50-day moving average (MA50) of
$60.30, indicating a potential bullish reversal. With the ATR at 1.6, volatility is manageable for a swing trade.
Trade Plan:
- Suggested Entry:
$59.50
- Stop Loss:
$57.50 (1.8% risk)
- Take Profit Targets:
- Target 1:
$62.00 (5.5% gain)
- Target 2:
$64.00 (7.9% gain)
- Target 3:
$69.00 (16.2% gain)
This plan offers a minimum of 17% ROI on the third target while maintaining a favorable risk-reward ratio.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
