Dec. 6 at 3:35 AM
Actionable Trade Alert for
$ARLP:
Market Context:
$ARLP closed at
$23.79, showing potential for a rebound given the current RSI of 30.03, indicating oversold conditions. The stock is trading below its 30-day (MA30) and 50-day (MA50) moving averages, which are at
$24.22 and
$24.51, respectively. The 60-day high of
$25.88 suggests a resistance level, while the low of
$22.20 provides a support range.
Directional Bias: Bullish. The oversold RSI and proximity to the 60-day low may lead to a price correction upward.
Trade Plan:
- Suggested Entry:
$23.80
- Stop Loss:
$22.20 (below recent support)
- Take Profit Targets:
1.
$24.00 (approx. 0.84% gain)
2.
$24.50 (approx. 2.97% gain)
3.
$27.80 (approx. 16.92% gain)
With this plan, the third target offers a potential ROI of over 17%. Monitor market conditions closely for any changes.
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