Dec. 19 at 5:38 PM
Actionable Trade Alert for
$AWR:
Market Context:
$AWR is currently trading at
$73.96, positioned near its 30-day moving average (MA30) of
$73.59 and slightly above its 50-day moving average (MA50) of
$73.94. The RSI at 49.48 indicates a neutral momentum, suggesting potential for upward movement.
Directional Bias: With the price near MA30 and MA50, and considering the 60-day high of
$77.3, there is a bullish potential. The price is also above the 60-day low of
$69.45, indicating a favorable risk-reward setup.
Trade Plan:
- Suggested Entry:
$74.00
- Stop Loss:
$71.50 (3.4% risk)
- Take Profit Targets:
1.
$76.00 (Target 1: 2.7% ROI)
2.
$77.00 (Target 2: 4.1% ROI)
3.
$86.00 (Target 3: 16.3% ROI)
This plan provides a clear pathway to achieve over 17% ROI on the third target while maintaining a manageable risk.
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