Nov. 15 at 12:34 AM
$AMKR: The current market context shows a last close at
$31.68, with an RSI of 45.9 indicating neutral momentum. The price is below the 30-day moving average (MA30) of
$32.45, suggesting a bearish bias in the short term. However, the price is above the 50-day moving average (MA50) of
$30.56, indicating potential support.
The 60-day high of
$38.22 and low of
$23.22 creates a significant range, providing room for movement. Given the ATR of 2.19, volatility is moderate, allowing for reasonable price swings.
Suggested trade plan: Consider entering a long position at
$31.80, just above the recent close. Set a stop loss at
$30.50 to manage risk. Target 1 at
$33.00 (near MA30) and Target 2 at
$34.50, aiming for a recovery towards the upper range of the 60-day high.
Monitor the RSI for shifts in momentum and adjust targets accordingly.
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