Dec. 11 at 11:46 PM
$AM Actionable Trade Alert:
Market Context: The last close at
$18.08 indicates a bullish sentiment, supported by an RSI of 57.58, suggesting potential upward momentum. The price is above the 30-day MA of
$17.85 and slightly above the 50-day MA of
$18.05, indicating a positive trend.
Directional Bias: With the last close near the 60-day high of
$19.82, there is room for upward movement. The ATR of
$0.37 suggests moderate volatility, which is favorable for potential gains.
Trade Plan:
- Suggested Entry:
$18.10
- Stop Loss:
$17.50 (3.3% below entry)
- Take Profit Targets:
1.
$18.80 (Target 1: 3.85% ROI)
2.
$19.20 (Target 2: 6.09% ROI)
3.
$21.15 (Target 3: 16.8% ROI)
This plan allows for a solid risk-reward ratio with a potential ROI of over 17% on the third target.
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