Dec. 8 at 11:30 PM
Actionable Trade Alert for
$ARMK:
Market Context:
$ARMK closed at
$37.34, showing potential for upward movement given its proximity to the 60D high of
$41.19. The RSI of 63.89 indicates bullish momentum but is approaching overbought territory, suggesting caution.
Directional Bias: The price is below the 30-day moving average (MA30) of
$37.76 and the 50-day moving average (MA50) of
$38.31, indicating a potential reversal point. The recent high-low range (60D High
$41.19 and Low
$35.07) suggests room for growth.
Trade Plan:
- Suggested Entry:
$37.50
- Stop Loss:
$36.50 (1.34% risk)
- Take Profit Targets:
1.
$39.00 (4.00% ROI)
2.
$40.00 (6.60% ROI)
3.
$43.50 (16.50% ROI)
With this plan, we aim for a minimum of 17% ROI on the third target while maintaining a manageable risk. Monitor RSI and MA for further signals.
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