Dec. 6 at 1:42 AM
Actionable Trade Alert for
$AME:
Market Context:
$AME is currently trading at
$199.22, showing strength as it approaches its 60D High of
$204.15. The RSI at 60.97 indicates bullish momentum, suggesting potential for further upside. The 30-day moving average (MA30) at
$194.56 and 50-day moving average (MA50) at
$190.69 both support a bullish trend.
Directional Bias: The positive RSI and the price above both MAs indicate a strong upward trend. The recent price action is within the 60D range, with significant room to reach the high.
Trade Plan:
- Suggested Entry:
$199.50
- Stop Loss:
$196.00 (risking
$3.50)
- Take Profit Targets:
1.
$204.00 (TP1) - 2.5% ROI
2.
$207.50 (TP2) - 4.5% ROI
3.
$233.00 (TP3) - 17% ROI
This plan allows for a solid risk-reward ratio while capitalizing on the current bullish momentum.
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