Dec. 10 at 3:23 AM
Actionable Trade Alert for
$MAA
Market Context: Currently,
$MAA is trading at
$130.51, positioned between its 60D high of
$141.97 and low of
$125.75. The RSI at 50.32 indicates a neutral momentum, suggesting potential for upward movement as it approaches key moving averages.
Directional Bias: The price is below both the 30-day MA (131.2) and the 50-day MA (132.61), indicating a bearish short-term trend. However, the proximity to the 60D low suggests a potential reversal opportunity.
Trade Plan:
- Suggested Entry:
$130.51
- Stop Loss:
$126.00 (below the 60D low)
- Take Profit Targets:
- Target 1:
$135.00 (3.8% gain)
- Target 2:
$140.00 (7.3% gain)
- Target 3:
$153.00 (17.2% gain)
This plan aims for a minimum of 17% ROI on the third target, capitalizing on a potential price recovery. Monitor the ATR of 2.11 for volatility adjustments.
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