Dec. 6 at 3:39 AM
Actionable Trade Alert for
$ASO:
Market Context:
$ASO closed at
$49.29, showing strength but with an RSI of 66.07, indicating it is nearing overbought territory. The stock is above its 30-day MA of 46.47 and 50-day MA of 48.58, suggesting a bullish trend. The recent high of
$55.15 indicates potential upward momentum.
Directional Bias: Bullish, as the price is above key moving averages and within the high-low range of the last 60 days.
Trade Plan:
- Suggested Entry:
$49.50 (slightly above last close for confirmation)
- Stop Loss:
$47.50 (to limit risk)
- Take Profit Targets:
1.
$52.00 (approx. 5% gain)
2.
$54.00 (approx. 9% gain)
3.
$57.50 (approx. 16.5% gain, achieving over 17% ROI)
Monitor the stock closely for volatility, as indicated by an ATR of 2.0. Adjust stop loss as necessary to lock in profits.
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https://privateprofiteers.com
