Dec. 10 at 4:22 AM
Actionable Trade Alert for
$SIGI:
Market Context:
$SIGI is currently trading at
$78.15, positioned between its 60D high of
$85.06 and low of
$73.46, indicating potential volatility. The RSI at 48.45 suggests a neutral sentiment, while the MA30 at
$77.55 is slightly below the last close, indicating a potential support level.
Directional Bias: The price is near the MA30 and below the MA50 (
$79.25), suggesting a cautious bullish outlook if it breaks above the MA30. The ATR of 1.8 indicates reasonable volatility for potential movement.
Trade Plan:
- Suggested Entry:
$78.50 (entry above MA30)
- Stop Loss:
$76.50 (2% below entry)
- Take Profit Targets:
1.
$81.00 (4.5% gain)
2.
$84.00 (7.5% gain)
3.
$91.50 (17% gain)
With the potential to reach the third target, this trade aligns with a risk-reward ratio conducive to a profitable outcome.
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