Dec. 6 at 3:15 AM
Actionable Trade Alert for
$SEI:
Market Context:
$SEI is currently trading at
$55.14, showing strong momentum but is overbought with an RSI of 73.39. The stock is above its 30-day moving average (MA30) of 49.01 and 50-day moving average (MA50) of 48.1, indicating bullish sentiment. However, the high of
$57.17 in the last 60 days suggests potential resistance.
Directional Bias: The overbought RSI signals caution, but the higher MAs support upward momentum. The recent price action shows a strong bullish trend, but traders should be wary of potential pullbacks.
Trade Plan:
- Suggested Entry:
$55.14
- Stop Loss:
$51.18 (below recent support)
- Take Profit Targets:
- Target 1:
$57.00 (3.4% gain)
- Target 2:
$60.00 (8.2% gain)
- Target 3:
$64.50 (17% gain)
This plan allows for a strategic exit at key resistance levels while managing risk effectively.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
