Nov. 20 at 9:06 AM
$AMTM is currently trading at
$22.07, showing a neutral RSI of 46.23, indicating no immediate overbought or oversold conditions. The price is below the 30-day moving average (MA30) of
$22.89 and the 50-day moving average (MA50) of
$23.09, suggesting a bearish short-term trend. The recent 60-day high of
$26.58 and low of
$21.28 indicates a range-bound market, with current price closer to the low.
Directional bias leans bearish due to the price being below both MAs. Suggested entry point is at
$22.00, with a stop loss set at
$21.20 to limit potential losses. Target 1 is set at
$22.50, aligning with the MA30, and Target 2 at
$23.00, near the MA50. This plan allows for a potential rebound while managing risk effectively.
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