Dec. 17 at 3:04 AM
Actionable Trade Alert for
$ALB:
Market Context:
$ALB is currently trading at
$131.07, showing strength as it approaches its 60D high of
$136.1. The RSI at 58.41 indicates bullish momentum, while both MA30 and MA50 are significantly below the current price, suggesting upward support levels.
Directional Bias: The positive RSI indicates potential for further gains, and the proximity to the 60D high reinforces a bullish outlook. The price is well above the MA30 (118.67) and MA50 (109.45), indicating a strong upward trend.
Trade Plan:
- Suggested Entry:
$131.50 (slightly above the last close to confirm momentum)
- Stop Loss:
$126.50 (3% below entry, just below recent support)
- Take Profit Targets:
1.
$136.00 (3.4% gain)
2.
$141.00 (7.3% gain)
3.
$153.00 (16.7% gain, achieving over 17% ROI)
This plan leverages the current bullish momentum while managing risk effectively.
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