Dec. 25 at 2:27 PM
$AR Trade Alert:
Current market context shows
$AR closing at
$34.19, with an RSI of 37.03 indicating potential oversold conditions. The price is below the 30-day MA of
$34.98 and the 50-day MA of
$33.92, suggesting a bearish trend. However, the price is significantly above the 60-day low of
$29.1, indicating potential support.
Directional bias leans bullish as we approach the 60-day high of
$38.18, providing a target range for upside potential.
Trade Plan:
- Suggested Entry:
$34.20 (slightly above last close for confirmation)
- Stop Loss:
$32.00 (below recent support)
- Take Profit Targets:
1.
$36.00 (5.3% gain)
2.
$37.00 (8.8% gain)
3.
$40.00 (16.5% gain)
With a well-defined risk-reward ratio, this trade offers a potential ROI of over 17% on the third target. Monitor price action closely for adjustments.
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