Dec. 8 at 11:21 PM
Actionable Trade Alert for
$SF:
Market Context: The last close for
$SF is
$125.53, showing strong upward momentum. The RSI at 72.09 indicates overbought conditions, suggesting a potential pullback. However, with the 30-day moving average (MA30) at
$120.32 and the 50-day moving average (MA50) at
$117.09, the trend remains bullish as both MAs are below the current price.
Directional Bias: Given the high RSI and proximity to the 60-day high of
$126.69, we anticipate a possible retracement before further gains.
Trade Plan:
- Suggested Entry:
$124.50 (considering a slight pullback)
- Stop Loss:
$121.00 (below MA30 for risk management)
- Take Profit Targets:
1.
$128.00 (2% gain)
2.
$130.00 (4% gain)
3.
$147.00 (17% gain)
With these targets, we aim for a potential ROI of 17% or more on the third target. Monitor closely for price action around the stop loss.
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