Dec. 11 at 11:50 PM
Actionable Trade Alert for
$AWI:
Market Context:
$AWI is currently trading at
$186.84, showing bullish momentum as indicated by an RSI of 63.07, which suggests it is nearing overbought territory but still has potential for further gains. The price is above the 30-day moving average (MA30) of
$186.5, indicating a short-term bullish trend. However, it is below the 50-day moving average (MA50) of
$191.31, suggesting resistance ahead.
Directional Bias: Given the RSI and the proximity to the 60-day high of
$206.08, the bias is bullish. The high-low range indicates potential for upward movement, with a solid ATR of 3.87.
Trade Plan:
- Suggested Entry:
$187.50
- Stop Loss:
$183.00 (approx. 2.5% risk)
- Take Profit Targets:
1.
$195.00 (approx. 4% gain)
2.
$200.00 (approx. 6.5% gain)
3.
$219.00 (approx. 17% gain)
This plan provides a strategic approach to capitalize on the upward momentum while managing risk effectively.
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