Dec. 15 at 7:00 AM
Actionable Trade Alert for
$SAIA:
Market Context:
$SAIA closed at
$345.05, with a strong RSI of 92.42 indicating overbought conditions. The 60D high is
$358.5, suggesting potential resistance ahead. The 30-day moving average (MA30) is at
$293.03, while the 50-day moving average (MA50) is at
$295.85, indicating a bullish trend as the price is well above these averages.
Directional Bias: The current price is significantly above both MAs, confirming bullish momentum. However, the high RSI suggests caution, as a correction may be imminent.
Trade Plan:
- Suggested Entry:
$345.05
- Stop Loss:
$330.00 (approximately 4.4% below entry)
- Take Profit Targets:
1. Target 1:
$355.00 (2.9% gain)
2. Target 2:
$365.00 (5.8% gain)
3. Target 3:
$404.00 (17.1% gain)
This plan allows for a strategic exit while managing risk effectively. Monitor the RSI and market conditions closely for adjustments.
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