Dec. 15 at 7:36 AM
$MIAX: Current market context shows the stock closing at
$42.68, with an RSI of 45.27 indicating neutrality. The 30-day moving average (MA30) is at
$45.63, while the 50-day moving average (MA50) is at
$44.62, suggesting a slight bearish trend as the price is below both MAs. The 60-day high is
$51.38, providing potential upside resistance, while the low is
$37.05, indicating support.
Directional bias leans slightly bullish due to the proximity to the 60-day low and potential for a rebound. Suggested entry is at
$43.00. Set a stop loss at
$41.00 to manage risk.
Take Profit Targets:
1. TP1:
$45.00 (5% gain)
2. TP2:
$47.00 (9% gain)
3. TP3:
$50.00 (16% gain)
Achieving TP3 offers a potential ROI of 17.5%. Monitor the ATR of 1.95 for volatility adjustments.
Trade Plan: Enter at
$43.00, stop at
$41.00, with targets at
$45.00,
$47.00, and
$50.00.
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