Nov. 13 at 2:00 AM
$SCI is currently trading at
$80.71, showing a neutral RSI of 44.13, indicating no immediate overbought or oversold conditions. The price is below both the 30-day moving average (MA30) of 81.85 and the 50-day moving average (MA50) of 81.22, suggesting bearish sentiment in the short term. The recent high of
$84.69 and low of
$76.85 over the past 60 days indicates a range that could be pivotal for price movement.
Directional bias leans bearish due to the price being below key moving averages. Suggested entry point is around
$80.50, slightly below the last close, to confirm bearish momentum. Set a stop-loss at
$81.50 to limit potential losses. For targets, aim for
$78.00, which aligns with the lower end of the recent range, and a secondary target at
$76.85, the 60-day low, if momentum continues downward.
Monitor the ATR of 1.9 for potential volatility.
https://privateprofiteers.com
