Dec. 15 at 6:37 AM
Actionable Trade Alert for
$ALLY:
Market Context:
$ALLY closed at
$45.19, showing strong momentum with an RSI of 86.59, indicating overbought conditions. The stock is trading above its 30-day MA of 40.52 and 50-day MA of 40.24, suggesting bullish sentiment.
Directional Bias: Given the high RSI and proximity to the 60-day high of 46.24, we anticipate a potential pullback or consolidation. However, the overall trend remains upward, supported by the moving averages.
Trade Plan:
- Suggested Entry:
$45.00
- Stop Loss:
$43.00 (5% below entry)
- Take Profit Targets:
1.
$47.00 (Target 1, 4.44% ROI)
2.
$48.00 (Target 2, 6.67% ROI)
3.
$52.00 (Target 3, 15.56% ROI)
With the third target at
$52.00, this provides a potential ROI of over 17% from the entry point, aligning with our profit goals. Monitor for any signs of reversal as we approach targets.
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