Dec. 10 at 3:34 AM
Actionable Trade Alert for
$ALLY
Market Context:
$ALLY's last close at
$42.34 indicates a strong bullish trend, especially with an RSI of 81.06, suggesting overbought conditions. The stock is currently above its 30-day (MA30) and 50-day (MA50) moving averages, which are at
$40.01 and
$39.87 respectively. The 60-day high of
$44.83 presents a key resistance level, while the 60-day low of
$36.94 indicates solid support.
Directional Bias: Given the high RSI and proximity to the 60-day high, caution is warranted. However, the upward momentum suggests potential for further gains before a correction.
Trade Plan:
- Suggested Entry:
$42.50 (slightly above last close)
- Stop Loss:
$40.00 (below MA30)
- Take Profit Targets:
1.
$44.00 (approx. 3.5% gain)
2.
$45.00 (approx. 6.5% gain)
3.
$49.50 (approx. 17% gain)
This plan offers a balanced risk-reward scenario with a potential ROI of over 17% on the third target.
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