Dec. 15 at 6:16 AM
Actionable Trade Alert for
$SBAC:
Market Context:
$SBAC is currently trading at
$191.66, with an RSI of 42.64, indicating a neutral to slightly bearish sentiment. The stock is below both the 30-day MA of
$193.86 and the 50-day MA of
$193.53, suggesting potential resistance above current levels. The 60-day high is
$207.29, providing a target for upside potential, while the 60-day low is
$185.13, indicating support.
Directional Bias: The RSI suggests that
$SBAC is not yet oversold, which could lead to a rebound. However, the proximity to the 60-day low and resistance from MAs indicates caution.
Trade Plan:
- Suggested Entry:
$191.50
- Stop Loss:
$185.00 (risking
$6.50)
- Take Profit Targets:
1.
$197.00 (+
$5.50, 2.87% ROI)
2.
$202.00 (+
$10.50, 5.47% ROI)
3.
$224.00 (+
$32.50, 16.93% ROI)
This plan offers a solid risk-reward ratio with a potential 17% ROI on the third target.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
