Dec. 6 at 2:50 AM
Actionable Trade Alert for
$ALSN:
Market Context:
$ALSN is currently trading at
$90.45, showing a strong bullish momentum. The RSI at 75.42 indicates overbought conditions, suggesting a possible pullback, but the overall trend remains positive given the recent price action.
Directional Bias: The price is above both the 30-day MA (83.73) and 50-day MA (83.55), indicating a strong upward trend. The recent high of
$91.35 is just above the current price, providing a potential breakout opportunity.
Suggested Trade Plan:
- Entry:
$90.45
- Stop Loss:
$88.29 (below recent support, approximately 2.4% risk)
- Take Profit Targets:
1.
$92.00 (1.7% gain)
2.
$93.50 (3.9% gain)
3.
$106.00 (17.2% gain)
Rationale: Target 3 offers a substantial ROI, leveraging the strong upward trend while managing risk effectively. Monitor RSI for potential divergence signals.
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