Dec. 9 at 12:34 AM
Actionable Trade Alert for
$ALHC:
Market Context:
$ALHC is currently trading at
$19.35, showing strong bullish momentum with an RSI of 86.7, indicating overbought conditions. The stock is above its 30-day MA of
$17.55 and 50-day MA of
$17.41, reinforcing a bullish trend. The recent 60-day high of
$19.99 suggests potential resistance ahead.
Directional Bias: Given the high RSI, we anticipate a pullback may occur, but the overall trend remains bullish. The stock is positioned well above its recent low of
$15.85, indicating strong buying interest.
Trade Plan:
- Suggested Entry:
$19.35
- Stop Loss:
$18.50 (4.4% risk)
- Take Profit Targets:
1.
$20.00 (3.4% gain)
2.
$21.00 (8.5% gain)
3.
$22.65 (17.4% gain)
This plan allows for a potential ROI of over 17% on the third target, while maintaining a reasonable risk-reward ratio. Monitor closely for any signs of reversal due to the high RSI.
https://privateprofiteers.com
