Dec. 25 at 2:38 PM
$HSIC: Current market context shows a strong upward momentum, with the last close at
$76.19. The RSI of 66.36 indicates that the stock is approaching overbought territory, suggesting caution but also confirming bullish sentiment. The 30-day moving average (MA30) at
$74.38 and the 50-day moving average (MA50) at
$71.01 show a healthy upward trend, reinforcing a bullish bias.
Suggested trade plan: Enter at
$76.50, with a stop loss set at
$74.00 to limit downside risk.
Take Profit Targets:
1. Target 1:
$78.00 (2% gain)
2. Target 2:
$80.00 (4% gain)
3. Target 3:
$89.00 (17% gain)
The targets are aligned with the 60-day high of
$78.1 and the potential for further upside based on current momentum. The ATR of 1.34 supports the volatility needed to reach these levels.
Monitor closely for any shifts in momentum.
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