Dec. 10 at 4:24 AM
Actionable Trade Alert for
$AUB:
Market Context:
$AUB is currently trading at
$34.54, showing strong momentum with an RSI of 71.16, indicating overbought conditions. However, the price is above both the 30-day MA of
$33.13 and the 50-day MA of
$33.77, suggesting bullish sentiment in the short term. The recent 60-day high of
$36.84 presents a potential resistance level, while the low of
$30.87 indicates a solid support base.
Directional Bias: The bullish trend is supported by the price being above key moving averages, but the high RSI suggests caution due to potential pullback risks.
Trade Plan:
- Suggested Entry:
$34.54
- Stop Loss:
$33.00 (approx. 4.5% below entry)
- Take Profit Targets:
1.
$36.00 (approx. 4.2% gain)
2.
$37.00 (approx. 7.8% gain)
3.
$40.50 (approx. 17.2% gain)
This plan allows for a calculated risk-reward ratio, targeting significant returns while managing downside risk.
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