Nov. 13 at 1:12 AM
$ALNY is currently trading at
$452.51, with an RSI of 45.13 indicating a neutral momentum, suggesting neither overbought nor oversold conditions. The price is below both the 30-day moving average (MA30) at
$459.79 and the 50-day moving average (MA50) at
$458.77, which indicates a bearish short-term trend. The recent high of
$495.55 and low of
$417.00 over the last 60 days further highlight a significant range, suggesting potential volatility.
Given the current metrics, a directional bias leans slightly bearish. A suggested entry point could be around
$450, with a stop loss set at
$440 to manage risk. Target 1 can be set at
$460, aiming for a retest of the MA30, while Target 2 can be positioned at
$475, just below the recent high.
This strategy allows for potential gains while managing downside risk effectively.
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