Dec. 19 at 4:11 PM
Actionable Trade Alert for
$AMH:
Market Context:
$AMH is currently trading at
$31.68, showing a neutral RSI at 44.95, indicating no immediate overbought or oversold conditions. The stock is positioned between its 60-day high of
$33.51 and low of
$30.11, suggesting potential for upward movement if it breaks resistance.
Directional Bias: The stock is slightly below its 30-day moving average (MA30) of
$31.63 and 50-day moving average (MA50) of
$32.03, indicating a potential bullish reversal if it can reclaim these levels. The ATR of 0.57 suggests moderate volatility, allowing for reasonable price movements.
Trade Plan:
- Suggested Entry:
$31.70 (above MA30)
- Stop Loss:
$30.50 (below recent support)
- Take Profit Targets:
1.
$32.00 (Target 1: 1% ROI)
2.
$32.75 (Target 2: 3.35% ROI)
3.
$37.00 (Target 3: 17% ROI)
This strategy aims for a significant upside while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
