Dec. 6 at 2:42 AM
Actionable Trade Alert for
$AGCO:
Market Context:
$AGCO closed at
$105.79, showing a neutral RSI of 49.46, indicating no immediate overbought or oversold conditions. The stock is currently trading below both the 30-day moving average (MA30) of
$105.89 and the 50-day moving average (MA50) of
$106.61, suggesting potential resistance ahead. The 60-day high of
$112.46 and low of
$99.21 indicates a range-bound market.
Directional Bias: Given the current price proximity to the MA30 and MA50, we anticipate a bullish reversal if the price breaks above these levels. The ATR of 3.42 suggests moderate volatility, allowing for reasonable target placements.
Trade Plan:
- Suggested Entry:
$106.00 (break above MA30)
- Stop Loss:
$102.50 (below recent support)
- Take Profit Targets:
1.
$109.00 (approx. 2.83% ROI)
2.
$111.00 (approx. 4.72% ROI)
3.
$123.00 (approx. 16.25% ROI)
This plan aims for at least a 17% ROI on the third target while managing risk effectively.
https://privateprofiteers.com
