Dec. 8 at 11:32 PM
Actionable Trade Alert for
$ARE:
Market Context:
$ARE is currently trading at
$45.19, showing a significant decline from its 60-day high of
$88.24. The RSI at 33.11 indicates oversold conditions, suggesting a potential reversal. The price is below both the 30-day MA of 53.64 and the 50-day MA of 63.41, indicating bearish sentiment but also presenting a buying opportunity as it approaches the 60-day low of
$44.10.
Directional Bias: Given the oversold RSI and proximity to the 60-day low, we anticipate a bullish reversal.
Trade Plan:
- Suggested Entry:
$45.50
- Stop Loss:
$43.50 (1.69% below entry)
- Take Profit Targets:
- Target 1:
$50.00 (10.93% ROI)
- Target 2:
$55.00 (20.55% ROI)
- Target 3:
$53.00 (16.79% ROI)
This plan allows for a favorable risk-reward ratio while targeting a minimum of 17% ROI on the third target.
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