Dec. 25 at 1:53 PM
Actionable Trade Alert for
$ATO:
Market Context:
$ATO is currently trading at
$168.4, showing a neutral RSI of 43.07, indicating a lack of momentum. The stock is below its 30-day MA of 171.47 and 50-day MA of 173.11, suggesting potential resistance levels. The recent 60-day high of
$180.65 and low of
$165.37 indicates a range-bound market.
Directional Bias: Given the current RSI and proximity to the 60-day low, there is a potential for a bounce back towards the resistance levels. However, caution is advised due to the lack of upward momentum.
Trade Plan:
- Suggested Entry:
$169.00
- Stop Loss:
$165.00 (risking
$4.00)
- Take Profit Targets:
1.
$173.00 (Target 1: 2.4% ROI)
2.
$177.00 (Target 2: 4.7% ROI)
3.
$197.00 (Target 3: 16.9% ROI)
This plan offers a potential 17% ROI on the third target while maintaining a manageable risk.
For more insights, visit https://privateprofiteers.com.
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