Dec. 19 at 4:56 PM
Actionable Trade Alert for
$ARW:
Market Context:
$ARW is currently trading at
$111.26, showing bullish momentum as indicated by an RSI of 61.68, suggesting the stock is not yet overbought. The price is above the 30-day moving average (MA30) of
$109.95, indicating a positive trend, but slightly below the 50-day moving average (MA50) of
$112.79, which could act as resistance.
Directional Bias: The stock is trending upward with the potential to reach the 60-day high of
$126.61. The RSI indicates strength, and the price is above the recent low of
$101.79, supporting a bullish outlook.
Trade Plan:
- Suggested Entry:
$111.50
- Stop Loss:
$108.50 (risking
$3.00)
- Take Profit Targets:
1.
$115.00 (Target 1: 3.4% ROI)
2.
$120.00 (Target 2: 7.9% ROI)
3.
$130.00 (Target 3: 17.0% ROI)
This plan allows for a solid risk-reward ratio while capitalizing on the upward momentum.
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