Dec. 10 at 4:45 AM
Actionable Trade Alert for
$AIR:
Market Context: The last close for
$AIR is
$79.47, with an RSI of 55.19 indicating a neutral to slightly bullish sentiment. The stock is currently trading below its 30-day (MA30) and 50-day (MA50) moving averages, which are at
$82.05 and
$82.62, respectively. The 60-day high of
$89.69 provides a potential resistance level.
Directional Bias: The RSI suggests room for upward movement, while being below the MAs indicates a potential reversal or breakout. The price is within the 60-day range (
$74.24 -
$89.69), supporting a bullish outlook if it breaks above resistance.
Trade Plan:
- Suggested Entry:
$79.50
- Stop Loss:
$76.50 (3% below entry)
- Take Profit Targets:
1. Target 1:
$83.00 (4.5% gain)
2. Target 2:
$86.00 (8.2% gain)
3. Target 3:
$93.00 (17% gain)
This plan offers a solid risk-reward ratio with potential for over 17% ROI on the third target.
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