Dec. 6 at 2:29 AM
Actionable Trade Alert for
$SEIC:
Market Context:
$SEIC is currently trading at
$81.25, showing a neutral RSI of 44.99, indicating potential for upward movement. The stock is positioned between its 60D high of
$88.22 and low of
$77.51, suggesting a range-bound scenario.
Directional Bias: The price is above the 30-day moving average (MA30) of
$81.07 but below the 50-day moving average (MA50) of
$82.06. This indicates a potential bullish reversal as it approaches the MA30, with room to move towards the 60D high.
Trade Plan:
- Suggested Entry:
$81.50
- Stop Loss:
$79.50 (1.5 ATR below entry)
- Take Profit Targets:
1. Target 1:
$83.00 (3% gain)
2. Target 2:
$85.00 (4.5% gain)
3. Target 3:
$95.00 (17% gain)
This trade plan offers a solid risk-reward ratio with a clear path to a 17% ROI or more on the third target. Monitor closely for price action around the MAs.
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