Dec. 6 at 3:23 AM
Actionable Trade Alert for
$ALE:
Market Context:
$ALE is currently trading at
$67.6, showing strength with an RSI of 62.34, indicating bullish momentum but nearing overbought territory. The price is just below the 60D high of
$67.71, suggesting a potential breakout.
Directional Bias: The price is above the 30-day moving average (MA30) of
$67.46 and the 50-day moving average (MA50) of
$67.29, indicating a bullish trend. The proximity to the 60D high supports a bullish outlook.
Trade Plan:
- Suggested Entry:
$67.6
- Stop Loss:
$66.5 (approximately 1.6% below entry)
- Take Profit Targets:
1. Target 1:
$68.5 (1.3% gain)
2. Target 2:
$70.0 (3.8% gain)
3. Target 3:
$79.0 (16.8% gain)
This trade plan offers a potential ROI of over 17% on the third target while maintaining a reasonable risk-reward ratio. Monitor RSI and price action closely for adjustments.
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