Nov. 13 at 2:29 AM
$SMTC: The last close at
$72.0 indicates a strong position above the 30-day moving average (MA30) of
$69.27 and the 50-day moving average (MA50) of
$66.24, suggesting bullish momentum. The RSI of 62.37 indicates that the stock is approaching overbought territory but is not yet overextended, allowing for potential upward movement. The recent high of
$76.5 provides a target for bullish trades, while the low of
$46.02 indicates significant support below.
Trade Plan:
- Directional Bias: Bullish
- Suggested Entry:
$72.5 (slightly above last close to confirm momentum)
- Stop:
$68.5 (below MA30 for risk management)
- Target 1:
$76.0 (near 60D high)
- Target 2:
$78.0 (psychological level)
Monitor closely for any changes in momentum or market conditions. https://privateprofiteers.com
