Dec. 6 at 2:18 AM
$SN Trade Alert:
Market Context: Currently,
$SN is trading at
$106.36, showing a strong bullish sentiment as indicated by an RSI of 71.39, which suggests overbought conditions. However, the price is still below the 60D high of
$117.54, indicating potential for further upside.
Directional Bias: The stock is above its 30-day (MA30) and 50-day (MA50) moving averages, reinforcing a bullish trend. The proximity to the 60D high offers a clear target for profit-taking.
Trade Plan:
- Suggested Entry:
$106.50
- Stop Loss:
$102.00 (approx. 4.3% below entry)
- Take Profit Targets:
1.
$110.00 (4.7% gain)
2.
$113.00 (6.7% gain)
3.
$124.00 (16.5% gain)
The third target provides an ROI of over 17%, capitalizing on the bullish momentum while managing risk effectively. Monitor RSI and adjust stop loss as needed.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
