Dec. 6 at 3:09 AM
Actionable Trade Alert for
$SIGI:
Market Context:
$SIGI is currently trading at
$77.10, below both the 30-day moving average (MA30) of
$77.49 and the 50-day moving average (MA50) of
$79.36, indicating a bearish trend. The RSI at 37.81 suggests that the stock is nearing oversold conditions, which may present a buying opportunity as it could rebound.
Directional Bias: The price is closer to the 60-day low of
$73.46, indicating potential for upward movement towards the high of
$85.06. The ATR of 1.91 supports potential volatility for a rebound.
Trade Plan:
- Suggested Entry:
$77.10
- Stop Loss:
$74.00 (3.6% below entry)
- Take Profit Targets:
1.
$80.00 (3.7% ROI)
2.
$83.00 (7.5% ROI)
3.
$90.00 (16.7% ROI)
This plan provides a favorable risk-reward ratio, targeting a minimum of 17% ROI on the third take profit target.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
