Dec. 17 at 3:43 AM
Actionable Trade Alert for
$AMTM:
Market Context:
$AMTM is currently trading at
$29.13, showing potential for upward movement given its recent price action and technical indicators. The RSI at 42.61 indicates a neutral position, suggesting there is room for growth without being overbought.
Directional Bias: The price is above the 30-day MA (26.04) and 50-day MA (24.81), indicating a bullish trend. The 60-day high of 31.87 presents a resistance level, while the low of 21.11 provides a solid support base.
Trade Plan:
- Suggested Entry:
$29.20
- Stop Loss:
$27.50 (approx. 5.8% risk)
- Take Profit Targets:
1.
$31.00 (approx. 9.3% gain)
2.
$32.50 (approx. 11.5% gain)
3.
$34.00 (approx. 16.9% gain)
This trade plan offers a potential ROI of over 17% on the third target while maintaining a manageable risk. Monitor the trade closely for market conditions.
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