Dec. 17 at 4:14 AM
Actionable Trade Alert for
$XMTR:
Market Context:
$XMTR is currently trading at
$60.91, showing resilience above the 30-day moving average (MA30) of
$59.71 and well above the 50-day moving average (MA50) of
$55.6. The RSI of 57.66 indicates bullish momentum, suggesting potential for upward movement.
Directional Bias: The price is approaching the 60-day high of
$69.26, indicating a strong bullish trend. The positive divergence from the MA30 and MA50 supports this upward bias, while the ATR of 2.95 suggests moderate volatility.
Trade Plan:
- Suggested Entry:
$61.00
- Stop Loss:
$57.00 (approximately 6% below entry)
- Take Profit Targets:
- Target 1:
$65.00 (6.56% ROI)
- Target 2:
$68.00 (11.48% ROI)
- Target 3:
$71.00 (16.43% ROI)
With a strong bullish outlook and clear targets, this trade offers a solid risk-reward ratio.
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