Dec. 6 at 2:32 AM
Actionable Trade Alert for
$ARE
Market Context:
$ARE closed at
$46.59, significantly below its 60-day high of
$88.24, indicating potential for a rebound. The RSI at 33.21 suggests the stock is oversold, which may lead to a price correction. The stock is also trading well below its moving averages (MA30 at 55.76 and MA50 at 64.96), reinforcing the potential for upward movement.
Directional Bias: The oversold RSI combined with the proximity to the 60-day low (46.1) indicates a bullish reversal may be imminent. The ATR of 1.93 suggests moderate volatility, allowing for reasonable price movement.
Trade Plan:
- Suggested Entry:
$46.60
- Stop Loss:
$45.00 (1.5% below entry)
- Take Profit Targets:
- Target 1:
$50.00 (7.1% ROI)
- Target 2:
$54.00 (15.8% ROI)
- Target 3:
$54.50 (17% ROI)
This plan aligns with the current market conditions and technical indicators, aiming for a profitable trade.
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