Dec. 6 at 2:55 AM
Actionable Trade Alert for
$AXTA:
Market Context:
$AXTA is currently trading at
$29.26, showing a neutral RSI of 46.78, indicating a lack of strong momentum. The stock is positioned between its 60D high of
$31.81 and low of
$26.28, suggesting potential for a breakout or reversal.
Directional Bias: The stock's recent price action is above the 30-day MA of
$29.04 and significantly above the 50-day MA of
$28.55, indicating bullish potential. However, the RSI suggests caution as it is not in overbought territory.
Trade Plan:
- Suggested Entry:
$29.30 (slightly above the last close)
- Stop Loss:
$28.50 (to limit downside risk)
- Take Profit Targets:
1.
$30.00 (2.4% gain)
2.
$30.75 (5.1% gain)
3.
$34.25 (17.0% gain)
The third target aligns with a significant upside potential, leveraging the high-low range effectively. Monitor price action closely for adjustments.
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