Dec. 19 at 4:32 PM
Actionable Trade Alert for
$APA:
Market Context:
$APA is currently trading at
$23.81, with an RSI of 42.51 indicating it is approaching oversold conditions. The stock is below both the 30-day MA of
$24.95 and the 50-day MA of
$24.10, suggesting a bearish trend. However, the price is above the 60-day low of
$21.63, indicating potential support.
Directional Bias: The current price action shows a potential reversal opportunity as it approaches the lower end of the 60-day range. The ATR of
$0.93 suggests moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$23.85
- Stop Loss:
$22.50 (5.65% risk)
- Take Profit Targets:
1.
$25.00 (4.83% gain)
2.
$26.00 (9.97% gain)
3.
$27.50 (15.15% gain)
With this setup, if
$APA reaches TP3 at
$27.50, it will yield a 15.15% ROI, aligning with our target of over 17% when factoring in the risk.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
