Dec. 6 at 3:31 AM
Actionable Trade Alert for
$AVA:
Market Context:
$AVA is currently trading at
$38.61, significantly below its 60-day high of
$41.94 and near its 60-day low of
$35.5. The RSI is at 21.02, indicating that the stock is oversold, suggesting a potential reversal.
Directional Bias: Given the low RSI and proximity to the 60-day low, there is a bullish bias. The stock is also trading below its moving averages (MA30 at 40.1 and MA50 at 39.12), indicating a potential upward correction.
Trade Plan:
- Suggested Entry:
$38.70 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$35.25 (below the 60-day low for risk management)
- Take Profit Targets:
1. Target 1:
$40.00 (5% gain)
2. Target 2:
$41.00 (6.5% gain)
3. Target 3:
$45.00 (16.5% gain)
This plan offers a potential ROI of over 17% at Target 3. Monitor price action closely for confirmation before entry.
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