Dec. 17 at 3:26 AM
Actionable Trade Alert for
$SFM:
Market Context:
$SFM closed at
$79.23, currently trading below its 30-day (MA30) and 50-day (MA50) moving averages, indicating a bearish trend. The RSI at 44.0 suggests that the stock is neither overbought nor oversold, providing a neutral stance for potential upside.
Directional Bias: Given the proximity to the 60-day low of
$75.75, there is potential for a rebound. The ATR of 2.35 indicates moderate volatility, allowing for effective price movement.
Trade Plan:
- Suggested Entry:
$79.50
- Stop Loss:
$76.50 (3% below entry)
- Take Profit Targets:
1.
$83.00 (Target 1: 4.5% ROI)
2.
$87.00 (Target 2: 9.5% ROI)
3.
$92.50 (Target 3: 16.5% ROI)
With a focus on the potential rebound from the recent low, this trade offers a strategic entry while maintaining a favorable risk-reward profile.
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