Dec. 12 at 12:09 AM
Actionable Trade Alert for
$ARWR:
Market Context:
$ARWR is currently trading at
$70.61, showing a strong bullish momentum with an RSI of 82.64, indicating overbought conditions. The stock is significantly above its 30-day MA of 48.94 and 50-day MA of 44.33, suggesting a strong upward trend.
Directional Bias: The high of
$72.36 over the last 60 days indicates potential resistance, while the low of
$29.81 establishes a solid support base. Given the current price proximity to the 60D high and the overbought RSI, caution is warranted, yet bullish sentiment remains.
Trade Plan:
- Suggested Entry:
$70.61
- Stop Loss:
$66.00 (approx. 6% below entry)
- Take Profit Targets:
1.
$73.00 (5.0% ROI)
2.
$75.00 (6.8% ROI)
3.
$82.50 (17% ROI)
Monitor price action closely as it approaches targets, and adjust stop loss to lock in profits.
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