Dec. 11 at 11:13 PM
$SGI Trade Alert:
Market Context:
$SGI closed at
$94.11, showing strong momentum with an RSI of 75.09, indicating overbought conditions. However, the stock is trading above its 30-day (MA30=88.18) and 50-day (MA50=86.58) moving averages, suggesting bullish strength.
Directional Bias: The current price is near the 60-day high of
$94.42, which could act as a resistance level. The strong RSI indicates potential for a pullback, but the overall trend remains upward given the moving averages.
Trade Plan:
- Suggested Entry:
$94.00
- Stop Loss:
$91.50 (2.65% below entry)
- Take Profit Targets:
- Target 1:
$96.00 (2.13% gain)
- Target 2:
$98.00 (4.26% gain)
- Target 3:
$110.00 (17% gain)
The third target offers a significant ROI, capitalizing on the potential breakout above the recent high. Monitor price action closely, as overbought conditions may lead to volatility.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com