Dec. 6 at 3:30 AM
Actionable Trade Alert for
$ATGE:
Market Context:
$ATGE is currently trading at
$96.11, positioned within the 60-day high of
$156.26 and low of
$86.97. The RSI at 49.59 indicates a neutral market, suggesting potential for upward movement.
Directional Bias: The stock is below both the 30-day MA of
$105.54 and the 50-day MA of
$123.02, indicating a bearish trend. However, the current price is closer to the lower end of its 60-day range, providing a potential buying opportunity for a rebound.
Trade Plan:
- Suggested Entry:
$96.50
- Stop Loss:
$92.50 (3.12% risk)
- Take Profit Targets:
1.
$105.00 (Target 1: 8.73% ROI)
2.
$115.00 (Target 2: 19.34% ROI)
3.
$113.50 (Target 3: 17.90% ROI)
This plan allows for a conservative entry while targeting significant returns. Monitor price action closely for adjustments.
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