Dec. 19 at 4:53 PM
Actionable Trade Alert for
$MAT:
Market Context:
$MAT is currently trading at
$20.46, with a 60-day high of
$21.45 and a low of
$16.56. The RSI at 43.35 indicates a neutral stance, suggesting potential for upward movement if momentum builds. The MA30 at
$20.05 is above the MA50 at
$19.39, indicating a short-term bullish trend.
Directional Bias: Given the current price relative to the MAs and the RSI, there is a slight bullish bias. If
$MAT can break above the MA30, it may attract buyers.
Suggested Trade Plan:
- Entry:
$20.50 (slightly above the close)
- Stop Loss:
$19.80 (below MA50 for protection)
- Take Profit Targets:
1.
$21.00 (2.4% ROI)
2.
$21.25 (3.9% ROI)
3.
$24.00 (17.4% ROI)
This plan capitalizes on the potential upward movement while maintaining a manageable risk. Ensure to monitor the trade closely.
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