Dec. 25 at 2:33 PM
$ARE Actionable Trade Alert:
Market Context:
$ARE is currently trading at
$48.76, positioned between its 60-day high of
$85.37 and low of
$44.10. The RSI of 59.68 indicates bullish momentum, suggesting potential for upward movement.
Directional Bias: The stock is trading below the 30-day moving average (MA30) of
$49.37 and significantly below the 50-day moving average (MA50) of
$55.78, indicating a potential reversal or upward correction. The current price is near the lower end of its recent range, which supports a bullish outlook.
Trade Plan:
- Suggested Entry:
$48.76
- Stop Loss:
$46.00 (approximately 5.7% risk)
- Take Profit Targets:
1.
$52.00 (6.5% ROI)
2.
$56.00 (14.8% ROI)
3.
$57.00 (17% ROI)
This plan allows for a strategic entry with defined risk and multiple profit-taking opportunities. Monitor price action closely for confirmation.
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