Dec. 10 at 2:43 AM
Actionable Trade Alert for
$APO:
Market Context:
$APO is currently trading at
$143.89, with a strong RSI of 91.51 indicating overbought conditions. The price is well above both the 30-day MA of 130.43 and the 50-day MA of 128.41, suggesting bullish momentum. However, the high of
$148.21 over the last 60 days presents a resistance level to watch.
Directional Bias: Given the overbought RSI, a pullback may occur, but the overall trend remains bullish. The price is significantly above the recent low of
$118.14, indicating strong upward momentum.
Trade Plan:
- Suggested Entry:
$143.89
- Stop Loss:
$138.18 (below recent support)
- Take Profit Targets:
1.
$148.21 (60D High)
2.
$153.00 (approx. 6.3% gain)
3.
$168.00 (approx. 16.7% gain)
With these targets, the third take profit offers a potential ROI of over 17%. Monitor closely for market conditions that may affect price action.
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