Dec. 25 at 1:57 PM
Actionable Trade Alert for
$AFRM:
Market Context:
$AFRM is currently trading at
$75.99, showing strength with an RSI of 63.05, indicating bullish momentum but approaching overbought territory. The stock is above its 30-day MA of 70.14 and 50-day MA of 71.11, suggesting a positive trend.
Directional Bias: The recent price action is strong, with the 60D high at
$79.38 providing a resistance level. The proximity to this high, combined with the bullish indicators, suggests potential for upward movement.
Suggested Trade Plan:
- Entry:
$76.50 (slightly above the current close to confirm momentum)
- Stop Loss:
$72.50 (below recent support)
- Take Profit Targets:
1.
$78.00 (2% gain)
2.
$79.00 (2.5% gain)
3.
$89.00 (17% gain)
This plan offers a solid risk-reward ratio, capitalizing on the upward trend while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
