Dec. 12 at 12:50 AM
Actionable Trade Alert for
$ARQT:
Market Context:
$ARQT is currently trading at
$29.76, near the upper range of its 60-day high of
$31.77. The RSI at 64.38 indicates it is approaching overbought territory, suggesting potential for a pullback or consolidation before further upward movement.
Directional Bias: The stock shows bullish momentum, supported by the MA30 at
$27.52 and MA50 at
$24.9, both indicating strong support levels. The price is above these moving averages, reinforcing the bullish trend.
Trade Plan:
- Suggested Entry:
$29.76
- Stop Loss:
$27.50 (to limit risk)
- Take Profit Targets:
1. Target 1:
$31.00 (7.6% ROI)
2. Target 2:
$32.50 (9.2% ROI)
3. Target 3:
$34.75 (16.7% ROI)
This plan aims for a minimum of 17% ROI on the third target while maintaining a reasonable risk-reward ratio. Monitor RSI for potential reversals.
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