Dec. 17 at 2:03 AM
Actionable Trade Alert for
$APP:
Market Context:
$APP is currently trading at
$670.73, showing strong momentum but is overbought with an RSI of 71.79. The stock is above its 30-day (MA30) and 50-day (MA50) moving averages, indicating bullish sentiment. However, the high of
$745.61 from the last 60 days presents a potential resistance level.
Directional Bias: The RSI suggests a potential pullback due to overbought conditions, but the stock remains in a strong upward trend supported by moving averages. The high-low range indicates significant volatility, providing opportunities for trading.
Trade Plan:
- Suggested Entry:
$670.73
- Stop Loss:
$650.00 (3% below entry)
- Take Profit Targets:
1.
$700.00 (4.3% ROI)
2.
$725.00 (8.1% ROI)
3.
$785.00 (17% ROI)
This plan capitalizes on potential upward movement while managing risk effectively. Monitor the stock closely for any changes in momentum.
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