Dec. 17 at 2:36 AM
Actionable Trade Alert for
$ADM:
Market Context:
$ADM is currently trading at
$57.97, below both the 30-day MA of
$58.81 and the 50-day MA of
$60.05, indicating a bearish short-term trend. The RSI at 39.64 suggests that the stock is nearing oversold conditions, which could lead to a potential reversal.
Directional Bias: The current price is closer to the 60-day low of
$55.58 than the high of
$65.00, reinforcing the bearish sentiment. However, the oversold RSI indicates a possible bounce back.
Trade Plan:
- Suggested Entry:
$58.00 (slightly above the last close to confirm upward movement)
- Stop Loss:
$55.50 (below the 60D low for risk management)
- Take Profit Targets:
- Target 1:
$60.00 (3.5% gain)
- Target 2:
$62.00 (7.2% gain)
- Target 3:
$67.00 (15.5% gain)
With a potential ROI of over 17% at Target 3, this trade offers a favorable risk-reward ratio. Monitor closely for price action confirmation.
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