Dec. 9 at 12:11 AM
Actionable Trade Alert for
$AX:
Market Context: The current market for
$AX shows a strong upward momentum, with the last close at
$86.08. The RSI is at 85.31, indicating overbought conditions, suggesting a potential pullback or consolidation may occur. However, the price is above both the 30-day MA (80.58) and 50-day MA (81.06), reinforcing a bullish trend.
Directional Bias: The strong RSI and the price's position relative to moving averages indicate bullish sentiment, but caution is warranted due to the high RSI reading.
Trade Plan:
- Suggested Entry:
$86.08 (last close)
- Stop Loss:
$83.84 (1 ATR below entry)
- Take Profit Targets:
1. Target 1:
$89.00 (3.4% gain)
2. Target 2:
$90.00 (4.5% gain)
3. Target 3:
$101.00 (17.4% gain)
This plan allows for potential gains while managing risk effectively. Monitor the RSI and price action closely for any signs of reversal.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
