Dec. 10 at 4:37 AM
Actionable Trade Alert for
$AMRX:
Market Context:
$AMRX is currently trading at
$11.97, showing a bullish sentiment with an RSI of 57.55, indicating potential for upward movement. The price is above the 30-day moving average (MA30) of
$11.65 and the 50-day moving average (MA50) of
$11.07, reinforcing a positive directional bias.
Trade Plan:
- Suggested Entry:
$11.97
- Stop Loss:
$11.50 (Risking
$0.47, approximately 3.9%)
- Take Profit Targets:
1. Target 1:
$12.30 (Approx. 2.8% ROI)
2. Target 2:
$12.68 (Approx. 5.9% ROI)
3. Target 3:
$14.00 (Approx. 17.5% ROI)
With the 60-day high at
$12.68 and a potential breakout above this level, the third target offers a significant return. Monitor the price action closely as it approaches these levels.
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