Dec. 17 at 3:32 AM
Actionable Trade Alert for
$ALSN:
Market Context:
$ALSN currently trades at
$98.69, exhibiting strong momentum with an RSI of 80.81, indicating it is overbought. However, the price is above the 30-day (MA30) and 50-day (MA50) moving averages, suggesting bullish sentiment in the short term.
Directional Bias: The RSI indicates potential for a pullback, but the proximity to the 60-day high of
$101.55 suggests upward potential. The price is well above the 60-day low of
$76.01, reinforcing bullish sentiment.
Trade Plan:
- Suggested Entry:
$98.69
- Stop Loss:
$95.00 (approx. 3% risk)
- Take Profit Targets:
1. Target 1:
$101.00 (approx. 2.3% gain)
2. Target 2:
$103.00 (approx. 4.5% gain)
3. Target 3:
$115.00 (approx. 16.5% gain)
With the third target achieving a 17% ROI, this trade plan positions
$ALSN for potential significant upside while managing risk effectively.
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