Dec. 19 at 4:27 PM
Actionable Trade Alert for
$ARE:
Market Context:
$ARE is currently trading at
$48.95, showing a bearish trend with the RSI at 36.35, indicating it is nearing oversold conditions. The price is below both the 30-day MA of 50.44 and the 50-day MA of 58.43, reinforcing a downward bias. The 60-day high of 86.74 and low of 44.1 suggests a significant range, providing potential for a rebound.
Directional Bias: Given the current RSI and the proximity to the 60-day low, a bullish reversal is possible, especially if the price approaches the lower end of this range.
Trade Plan:
- Suggested Entry:
$48.95
- Stop Loss:
$44.10 (60D Low)
- Take Profit Targets:
1.
$54.00 (Target 1, approx. 10% ROI)
2.
$60.00 (Target 2, approx. 22% ROI)
3.
$57.50 (Target 3, approx. 17% ROI)
This plan leverages the potential for a bounce back from the low range while managing risk effectively.
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