Dec. 6 at 2:05 AM
Actionable Trade Alert for
$SGI:
Market Context:
$SGI is currently trading at
$90.22, showing a moderate bullish sentiment with an RSI of 54.68, indicating room for upward movement. The stock is above both the 30-day (MA30=86.63) and 50-day (MA50=85.69) moving averages, suggesting a positive trend.
Directional Bias: The recent price action is positioned between the 60-day high of
$94.42 and low of
$78.01, indicating a strong potential for upward movement. The ATR of 2.63 suggests moderate volatility, allowing for reasonable price swings.
Trade Plan:
- Suggested Entry:
$90.50
- Stop Loss:
$88.00 (risking
$2.50)
- Take Profit Targets:
1.
$92.00 (approx. 1.65% ROI)
2.
$93.50 (approx. 3.63% ROI)
3.
$105.00 (approx. 16.35% ROI)
Target 3 provides a potential ROI of over 17%, aligning with our goal. Monitor the trade closely for adjustments based on market conditions.
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