Nov. 20 at 8:42 AM
$SFD is currently trading at
$21.47, with an RSI of 48.75 indicating neutral momentum. The price is below the 30-day moving average (MA30) of
$21.88 and the 50-day moving average (MA50) of
$22.65, suggesting a bearish bias in the short to medium term. The recent high of
$26.07 and low of
$21.08 over the past 60 days indicates a trading range that could limit upside potential.
For a trade plan, consider entering a short position at
$21.45, just below the last close. Set a stop loss at
$22.00 to manage risk. Target the lower end of the recent range at
$21.10 for the first target, and consider a second target at
$20.80 if momentum continues to favor the downside.
In summary:
- Entry:
$21.45
- Stop:
$22.00
- Target 1:
$21.10
- Target 2:
$20.80
Monitor market conditions closely for any changes. https://privateprofiteers.com
