Dec. 11 at 11:31 PM
Actionable Trade Alert for
$ALB:
Market Context:
$ALB closed at
$133.67, near its 60D high of
$134.91, indicating bullish momentum. However, the RSI at 71.12 suggests it is overbought, which may lead to a pullback.
Directional Bias: The price is above the 30-day MA of 115.19 and the 50-day MA of 106.87, indicating a strong upward trend. The high-low range shows potential for price movement, but caution is advised due to the RSI level.
Trade Plan:
- Suggested Entry:
$133.00 (slightly below the close to capture a potential dip)
- Stop Loss:
$128.00 (below recent support)
- Take Profit Targets:
1.
$140.00 (5% ROI)
2.
$145.00 (8.5% ROI)
3.
$156.00 (17% ROI)
This plan aims for a conservative entry while allowing for upward potential, with a solid risk-reward ratio. Monitor the RSI for signs of reversal before entering.
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