Dec. 6 at 2:43 AM
Actionable Trade Alert for
$AVTR:
Market Context:
$AVTR is currently trading at
$11.15, below its 30-day moving average (MA30) of
$11.97 and 50-day moving average (MA50) of
$12.68, indicating a bearish trend. The RSI at 40.35 suggests the stock is nearing oversold conditions, which may lead to a potential reversal.
Directional Bias: Given the proximity to the 60-day low of
$10.82 and the current RSI, there is a possibility for a rebound towards the recent high of
$15.93. This creates an opportunity for a bullish trade.
Trade Plan:
- Suggested Entry:
$11.15
- Stop Loss:
$10.80 (3.15% below entry)
- Take Profit Targets:
- Target 1:
$12.00 (7.6% ROI)
- Target 2:
$13.00 (16.6% ROI)
- Target 3:
$13.05 (17% ROI)
This trade plan allows for a structured approach with a favorable risk-to-reward ratio. Monitor closely for market movements and adjust as necessary.
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