Dec. 5 at 10:36 PM
Actionable Trade Alert for
$AMTM:
Current market context shows
$AMTM closing at
$29.25, with an RSI of 73.87 indicating overbought conditions. The price is currently above both the 30-day MA of 24.16 and the 50-day MA of 24.0, suggesting a bullish trend. However, the high of
$31.87 within the last 60 days presents a potential resistance level.
Directional bias remains bullish but caution is warranted due to the high RSI. Suggested entry at
$29.25, with a stop loss set at
$27.50 to limit risk.
Take Profit Targets:
1. TP1:
$30.50 (4.26% ROI)
2. TP2:
$31.00 (6.56% ROI)
3. TP3:
$34.25 (17.14% ROI)
This trade plan aims to capitalize on the upward momentum while managing risk effectively. Monitor the price action closely, especially near the resistance levels.
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