Dec. 17 at 3:50 AM
Actionable Trade Alert for
$MSM:
Market Context:
$MSM is currently trading at
$85.76, showing a neutral RSI of 46.56, indicating a lack of strong momentum. The stock is positioned between its 60D high of
$92.93 and low of
$81.04, suggesting a range-bound scenario. The moving averages (MA30 at
$86.05 and MA50 at
$86.42) indicate slight resistance above the current price.
Directional Bias: The stock is near the lower end of its recent range, providing a potential buying opportunity. If
$MSM breaks above the MAs, it could rally towards the 60D high.
Trade Plan:
- Suggested Entry:
$86.00 (breakout above MA30)
- Stop Loss:
$84.00 (below recent support)
- Take Profit Targets:
1.
$88.00 (1st target, 2.33% gain)
2.
$90.00 (2nd target, 4.94% gain)
3.
$100.00 (3rd target, 16.54% gain)
This plan provides a solid risk-reward ratio with a potential ROI of over 17% on the third target.
https://privateprofiteers.com
