Nov. 14 at 4:30 AM
$AMTM is currently trading at
$22.16, showing a neutral market context with an RSI of 46.23, indicating no immediate overbought or oversold conditions. The price is below both the 30-day MA of 23.02 and the 50-day MA of 23.13, suggesting a bearish bias in the short term. The recent high of 26.58 and low of 21.28 over the last 60 days indicates a range-bound market, with potential resistance near
$23.00 and support around
$21.28.
Suggested trade plan:
- Entry: Consider entering a short position at
$22.00, which is below the current price and near the 30-day MA.
- Stop: Place a stop-loss at
$22.75 to manage risk.
- Targets: First target at
$21.50, aligning with the lower end of the 60D range, and a second target at
$21.28, the recent low.
This plan leverages the current market structure and moving averages for a strategic approach.
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