Dec. 8 at 11:25 PM
Actionable Trade Alert for
$SCI:
Market Context:
$SCI is currently trading at
$78.15, positioned between its 60-day high of
$84.69 and low of
$75.34. The RSI of 46.55 indicates a neutral market sentiment, suggesting potential for upward movement. The price is below both the 30-day MA of
$79.68 and the 50-day MA of
$80.72, indicating a bearish trend but nearing a potential reversal.
Directional Bias: Given the current RSI and proximity to the 60-day low, there is a potential for a rebound. A break above the 30-day MA may signal a bullish shift.
Trade Plan:
- Suggested Entry:
$78.50 (above the last close)
- Stop Loss:
$76.50 (2.5% below entry)
- Take Profit Targets:
- Target 1:
$81.00 (4.5% ROI)
- Target 2:
$83.00 (8.5% ROI)
- Target 3:
$91.50 (16.9% ROI)
This setup offers a favorable risk-reward ratio with a potential ROI exceeding 17% on the third target. Monitor closely for price action around the MA levels.
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