Nov. 14 at 3:41 AM
$MAA Trade Plan:
Market Context: The last close for
$MAA is
$130.55, showing a downward trend from the 60D high of
$146.41 and near the 60D low of
$125.75. The RSI of 41.71 indicates a neutral to slightly bearish momentum, suggesting potential for further downside.
Directional Bias: The price is below both the 30-day moving average (MA30) of
$131.99 and the 50-day moving average (MA50) of
$135.55, reinforcing a bearish outlook. The current price is closer to the 60D low, indicating limited immediate upside.
Suggested Entry: Consider entering a short position at
$130.00, just below the last close.
Stop: Place a stop-loss at
$132.50 to manage risk effectively.
Targets: Set the first target at
$127.00, near the 60D low, and a second target at
$125.00 for further downside potential.
This plan capitalizes on the bearish indicators while managing risk appropriately.
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