Dec. 10 at 2:48 AM
Actionable Trade Alert for
$AZO:
Market Context:
$AZO is currently trading at
$3492.77, with a significant RSI of 28.57, indicating oversold conditions. The stock is below both the 30-day MA of 3787.6 and the 50-day MA of 3892.53, suggesting a bearish trend. However, the proximity to the 60D low of 3460.38 indicates a potential reversal opportunity.
Directional Bias: The oversold RSI signals a possible bounce back, while the price is near the lower end of its recent range, creating a favorable setup for a long position.
Trade Plan:
- Suggested Entry:
$3500
- Stop Loss:
$3400 (2.86% risk)
- Take Profit Targets:
1.
$3700 (Target 1: 5.71% ROI)
2.
$3850 (Target 2: 10.14% ROI)
3.
$4090 (Target 3: 17% ROI)
This plan allows for a strategic entry with manageable risk and significant upside potential. Monitor price action closely for confirmation.
For more insights, visit https://privateprofiteers.com.
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