Dec. 19 at 3:31 PM
Actionable Trade Alert for
$AFL:
Market Context:
$AFL is currently trading at
$110.46, showing a neutral RSI of 50.66, indicating no strong momentum in either direction. The 30-day moving average (MA30) is slightly above the current price at
$110.9, while the 50-day moving average (MA50) is below at
$109.91. This suggests a potential for upward movement as the price approaches MA30.
Directional Bias: The recent high of
$115.84 and low of
$105.43 over the last 60 days indicate a range-bound market. Given the current price's proximity to the MA30 and the neutral RSI, there is potential for a bullish breakout.
Trade Plan:
- Suggested Entry:
$110.50
- Stop Loss:
$108.50 (1.82% risk)
- Take Profit Targets:
1.
$112.50 (1.81% ROI)
2.
$114.00 (3.29% ROI)
3.
$129.00 (17% ROI)
This plan provides a favorable risk-reward ratio while targeting a significant ROI on the third take profit. Monitor closely for market movements.
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