Dec. 6 at 2:23 AM
Actionable Trade Alert for
$ALB:
Market Context:
$ALB closed at
$119.14, showing a stable price range with the RSI at 54.9, indicating neutral momentum. The 30-day moving average (MA30) is at
$110.03, suggesting bullish sentiment as the price is above this level. The 60-day high of
$132.9 provides a potential resistance level, while the low of
$71.25 indicates strong support.
Directional Bias: The current price above MA30 and the neutral RSI suggest a bullish outlook. The price is closer to the 60D high, supporting potential upward movement.
Trade Plan:
- Suggested Entry:
$120.00
- Stop Loss:
$113.00 (approximately 5.9% risk)
- Take Profit Targets:
1.
$125.00 (4.17% gain)
2.
$130.00 (8.43% gain)
3.
$140.00 (17.5% gain)
This trade plan offers a clear risk-reward ratio with a potential 17.5% ROI on the third target. Monitor price action closely for adjustments.
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