Dec. 11 at 11:26 PM
Actionable Trade Alert for
$AKAM:
Market Context:
$AKAM is currently trading at
$86.27, showing a neutral RSI at 46.82, indicating no immediate overbought or oversold conditions. The stock is above its 30-day MA of
$84.72 and significantly above its 50-day MA of
$80.88, suggesting bullish momentum in the short term.
Directional Bias: The price is within the 60-day high-low range of
$70.82 to
$92.0, indicating potential for upward movement. Given the current price and the proximity to the 60D high, there is a favorable risk-reward setup.
Trade Plan:
- Suggested Entry:
$86.50
- Stop Loss:
$84.00 (risking
$2.50)
- Take Profit Targets:
1.
$89.00 (1st target, 3% gain)
2.
$91.00 (2nd target, 5.8% gain)
3.
$101.00 (3rd target, 17.0% gain)
This plan allows for a solid risk-to-reward ratio, with the potential for a 17% ROI on the third target.
For more insights, visit https://privateprofiteers.com.
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