Dec. 6 at 1:31 AM
Actionable Trade Alert for
$AMT:
Market Context: The stock closed at
$178.83, with an RSI of 44.17 indicating a neutral position, suggesting potential for upward movement. The recent 60D high of
$199.13 offers a resistance level, while the 60D low of
$174.35 provides a support range.
Directional Bias: The stock is currently trading below its MA30 (180.9) and MA50 (184.52), indicating bearish sentiment. However, the RSI suggests it may be oversold, providing a potential reversal opportunity.
Trade Plan:
- Suggested Entry:
$179.00
- Stop Loss:
$174.00 (risking
$5.00)
- Take Profit Targets:
1.
$185.00 (TP1, 3.25% ROI)
2.
$190.00 (TP2, 6.15% ROI)
3.
$209.00 (TP3, 16.81% ROI)
This plan offers a solid risk-reward ratio, with a potential 17% ROI at TP3. Monitor price action closely for any adjustments.
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