Dec. 8 at 10:42 PM
Actionable Trade Alert for
$AME:
Market Context:
$AME is currently trading at
$200.02, showing a strong bullish trend. The RSI is at 71.07, indicating overbought conditions, suggesting a potential pullback. However, the price is above both the 30-day MA (195.34) and the 50-day MA (191.27), reinforcing bullish sentiment.
Directional Bias: Despite the overbought RSI, the price remains above key moving averages and near the 60D high of
$204.15, indicating potential for upward movement.
Trade Plan:
- Suggested Entry:
$200.02
- Stop Loss:
$195.00 (below the 30-day MA)
- Take Profit Targets:
1. Target 1:
$205.00 (2.5% ROI)
2. Target 2:
$210.00 (5% ROI)
3. Target 3:
$235.00 (17.5% ROI)
The targets leverage the recent high and potential bullish continuation, while the stop loss protects against significant downside.
Stay vigilant and manage your risk accordingly.
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