Dec. 15 at 6:53 AM
Actionable Trade Alert for
$AMKR:
Market Context:
$AMKR closed at
$44.31, significantly above its 30-day MA of
$36.97 and 50-day MA of
$34.65, indicating bullish momentum. The RSI at 81.57 suggests the stock is overbought, which may lead to a pullback, but strong momentum can still drive prices higher.
Directional Bias: Given the recent high of
$47.28, there is potential for upward movement, but caution is warranted due to the overbought RSI. The 60-day low of
$28.03 provides a solid support reference.
Trade Plan:
- Suggested Entry:
$44.31
- Stop Loss:
$41.00 (7% below entry)
- Take Profit Targets:
1.
$46.00 (4% gain)
2.
$47.00 (6% gain)
3.
$51.00 (15% gain, 17% ROI)
Monitor the trade closely, especially with the high RSI. Adjust targets if necessary based on market conditions.
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