Dec. 6 at 1:56 AM
Actionable Trade Alert for
$ASTS:
Market Context: The last close at
$72.65 indicates a strong position within a volatile range, with a 60D high of
$102.79 and a low of
$37.18. The RSI at 63.0 suggests the stock is nearing overbought territory, but there is still room for upward movement.
Directional Bias: Given the current price is above the 30-day MA of
$65.01 and the 50-day MA of
$68.43, the trend appears bullish. The stock's proximity to the recent high indicates potential for further gains despite the RSI suggesting caution.
Trade Plan:
- Suggested Entry:
$73.00
- Stop Loss:
$67.50 (5% below entry)
- Take Profit Targets:
1.
$80.00 (9.6% ROI)
2.
$85.00 (16.4% ROI)
3.
$85.00 (17.0% ROI)
With the potential for a 17% ROI on the third target, this trade offers a favorable risk-reward scenario. Monitor the stock closely for any signs of reversal.
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