Dec. 12 at 12:35 AM
Actionable Trade Alert for
$ADMA:
Market Context:
$ADMA is currently trading at
$20.17, near its 60-day high of
$20.22. The stock shows strong momentum, indicated by an RSI of 83.7, suggesting it is overbought. However, the recent price action indicates bullish sentiment.
Directional Bias: The stock is above both the 30-day MA of 17.24 and the 50-day MA of 16.27, reinforcing a bullish trend. The proximity to the 60-day high indicates potential for a breakout or a pullback.
Trade Plan:
- Suggested Entry:
$20.17
- Stop Loss:
$19.00 (approximately 5.8% below entry)
- Take Profit Targets:
1.
$21.00 (4.1% gain)
2.
$22.00 (9.1% gain)
3.
$23.50 (16.5% gain)
With these targets, the third take profit offers a potential ROI of over 17%. Monitor the stock closely for any reversal signals given the high RSI.
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