Dec. 17 at 2:26 AM
Actionable Trade Alert for
$AIG
Market Context:
$AIG is currently trading at
$84.67, showing strong momentum with an RSI of 82.5, indicating overbought conditions. The stock is above both the 30-day MA (77.94) and the 50-day MA (78.71), suggesting bullish sentiment. The recent 60-day high of
$86.58 provides a key resistance level.
Directional Bias: Given the high RSI and proximity to the 60D high, a pullback may occur. However, the overall trend remains bullish, and we can capitalize on potential upward movement.
Trade Plan:
- Suggested Entry:
$84.67
- Stop Loss:
$82.62 (1 ATR below entry)
- Take Profit Targets:
1.
$86.00 (1.57% gain)
2.
$87.50 (3.77% gain)
3.
$99.00 (17.00% gain)
This trade plan offers a solid risk-reward ratio, with a potential ROI of over 17% on the third target. Monitor closely for price action around the entry and adjust as necessary.
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