Dec. 9 at 12:25 AM
$SNDR Actionable Trade Alert:
Market Context:
$SNDR is currently trading at
$26.03, with a strong RSI of 93.13 indicating overbought conditions. However, the price is near the 60D high of
$26.31, suggesting bullish momentum. The MA30 and MA50 are significantly lower at
$22.43 and
$22.44, respectively, indicating a strong upward trend.
Directional Bias: The high RSI signals potential for a pullback, but the proximity to the 60D high suggests a continuation of bullish sentiment in the short term.
Suggested Trade Plan:
- Entry:
$26.03
- Take Profit Targets:
1.
$26.50 (1.80% gain)
2.
$27.00 (3.73% gain)
3.
$30.50 (17.17% gain)
- Stop Loss:
$25.25 (2.99% risk)
This plan allows for a calculated approach with substantial upside potential while managing risk effectively. Monitor for price action near targets for adjustments.
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