Dec. 9 at 12:14 AM
Actionable Trade Alert for
$SHC:
Market Context:
$SHC is currently trading at
$16.66, showing strong momentum with an RSI of 70.11, indicating overbought conditions. However, the price is above both the 30-day MA (16.39) and the 50-day MA (16.30), suggesting bullish sentiment in the short to medium term. The 60-day high is at
$17.78, which presents a potential resistance level.
Directional Bias: Despite the overbought RSI, the price is trending above key moving averages, indicating a bullish bias. The recent high-low range (60D High:
$17.78, Low:
$14.96) suggests potential for upward movement.
Trade Plan:
- Suggested Entry:
$16.70 (slightly above last close to confirm upward momentum)
- Stop Loss:
$16.20 (below recent support)
- Take Profit Targets:
1.
$17.00 (1.80% gain)
2.
$17.50 (4.80% gain)
3.
$19.50 (17.00% gain)
This trade plan aims for a minimum of 17% ROI on the third target.
https://privateprofiteers.com