Dec. 25 at 3:31 PM
Actionable Trade Alert for
$ATGE:
Market Context:
$ATGE is currently trading at
$103.66, showing strong bullish momentum as indicated by an RSI of 72.09, which suggests overbought conditions. The stock is above its 30-day moving average (MA30) of
$95.8 but below its 50-day moving average (MA50) of
$108.83, indicating potential resistance ahead.
Directional Bias: The bullish trend is supported by the recent price action, but caution is warranted due to the high RSI. The price is also within the 60-day high of
$156.26 and low of
$86.97, suggesting volatility.
Trade Plan:
- Suggested Entry:
$103.66
- Stop Loss:
$98.00 (approximately 5.5% below entry)
- Take Profit Targets:
1.
$110.00 (6.0% gain)
2.
$120.00 (15.7% gain)
3.
$121.00 (16.7% gain)
Target 3 provides a minimum ROI of 17% from the entry point. Monitor RSI for potential reversal signals.
For further insights, visit https://privateprofiteers.com.
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