Dec. 17 at 2:09 AM
Actionable Trade Alert for
$SCCO:
Market Context:
$SCCO is currently trading at
$141.39, showing strong momentum but an overbought condition indicated by an RSI of 75.7. The stock is above its 30-day (MA30) and 50-day (MA50) moving averages, suggesting bullish sentiment. However, the high of
$148.93 over the last 60 days indicates potential resistance.
Directional Bias: The bullish trend is supported by the distance from the MA30 and MA50, but the high RSI suggests caution. The price is within a range defined by the 60D high of
$148.93 and low of
$108.72, providing a context for potential pullbacks.
Trade Plan:
- Suggested Entry:
$141.39
- Stop Loss:
$137.32 (below recent support, approximately 3% risk)
- Take Profit Targets:
1.
$145.00 (2.3% gain)
2.
$148.00 (4.7% gain)
3.
$165.00 (16.7% gain)
This plan offers a potential ROI of over 17% on the third target. Monitor RSI for signs of reversal.
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