Dec. 25 at 3:38 PM
Actionable Trade Alert for
$ASAN:
Market Context:
$ASAN closed at
$13.71, showing a neutral RSI of 44.19, indicating no immediate overbought or oversold conditions. The price is above the 30-day MA of
$13.47 but below the 50-day MA of
$13.66, suggesting potential bullish momentum if it breaks above key resistance.
Directional Bias: The current price is within the 60-day high of
$15.48 and low of
$11.59, indicating a range-bound market. A breakout above the 50-day MA could signal a bullish trend.
Trade Plan:
- Suggested Entry:
$13.80 (above the 50-day MA)
- Stop Loss:
$13.20 (below recent support)
- Take Profit Targets:
1.
$14.50 (TP1: 5.1% ROI)
2.
$15.00 (TP2: 8.8% ROI)
3.
$16.00 (TP3: 16.8% ROI)
With a solid risk-reward ratio, this trade plan offers a potential ROI of over 17% on TP3. Monitor the price action closely for entry confirmation.
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