Dec. 8 at 10:21 PM
Actionable Trade Alert for
$APP:
Market Context:
$APP is currently trading at
$699.42, showing a strong bullish trend with an RSI of 87.46, indicating overbought conditions. However, the price is significantly above the 30-day MA of
$605.17 and the 50-day MA of
$611.12, suggesting potential for a pullback.
Directional Bias: Given the high RSI and proximity to the 60-day high of
$745.61, a corrective pullback is likely before further upside. The 60-day low of
$489.30 provides a solid reference for potential support.
Trade Plan:
- Suggested Entry:
$699.42
- Stop Loss:
$680.00 (2.5% below entry)
- Take Profit Targets:
1. TP1:
$725.00 (3.6% gain)
2. TP2:
$740.00 (5.8% gain)
3. TP3:
$820.00 (17.2% gain)
This plan allows for profit-taking while managing risk. Monitor RSI and MA for further confirmation.
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