Dec. 25 at 1:37 PM
Actionable Trade Alert for
$ALNY:
Market Context:
$ALNY is currently trading at
$400.69, significantly below its 60-day high of
$495.55, indicating potential for upward movement. The RSI at 22.63 suggests the stock is oversold, which may lead to a reversal. The moving averages (MA30 at 431.21 and MA50 at 442.75) indicate a bearish trend, but the extreme RSI level provides a bullish bias.
Directional Bias: Given the oversold RSI and proximity to the 60-day low of
$387.03, we anticipate a rebound.
Trade Plan:
- Suggested Entry:
$400.69
- Stop Loss:
$387.00 (below the 60D low)
- Take Profit Targets:
1. Target 1:
$431.21 (MA30) - 7.63% ROI
2. Target 2:
$442.75 (MA50) - 10.51% ROI
3. Target 3:
$470.00 - 17.26% ROI
This trade plan offers a solid risk-reward ratio with potential for significant upside.
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