Dec. 6 at 2:38 AM
$AM: The last close at
$18.22 indicates a bullish sentiment, supported by an RSI of 56.15, suggesting potential upward momentum. The MA30 at
$17.74 shows a strong support level, while the MA50 at
$18.16 indicates a recent bullish crossover. The 60D high of
$19.82 presents a clear target for profit-taking, while the 60D low of
$16.96 provides a safety net for risk management.
Actionable Trade Alert:
- Suggested Entry:
$18.22
- Stop Loss:
$17.50 (approximately 4% below entry)
- Take Profit Targets:
1.
$18.75 (3% gain)
2.
$19.25 (5.7% gain)
3.
$21.35 (17% gain)
With the current market context showing bullish indicators, this trade plan aims to capitalize on upward movement while maintaining a solid risk-reward ratio. Monitor the trade closely and adjust stops as necessary.
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