Dec. 11 at 10:30 PM
Actionable Trade Alert for
$APP:
Market Context:
$APP closed at
$710.85, significantly above its 30-day moving average (MA30) of
$612.77 and 50-day moving average (MA50) of
$611.00. The RSI at 88.67 indicates that the stock is overbought, suggesting potential price corrections. However, the proximity to the 60-day high of
$745.61 suggests bullish momentum may still persist.
Directional Bias: Despite the overbought RSI, the price remains strong above key moving averages, indicating a bullish trend. The high-low range of
$489.3 to
$745.61 shows substantial upward potential.
Trade Plan:
- Suggested Entry:
$710.85
- Stop Loss:
$680.00 (4.4% below entry)
- Take Profit Targets:
1.
$730.00 (2.7% ROI)
2.
$750.00 (5.5% ROI)
3.
$830.00 (16.7% ROI)
The third target aligns with a 17% ROI, capitalizing on the bullish trend while managing risk.
For more insights, visit https://privateprofiteers.com.
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