Dec. 8 at 10:28 PM
Actionable Trade Alert for
$SO:
Market Context:
$SO is currently trading at
$86.16, below both the 30-day (MA30: 90.7) and 50-day (MA50: 93.07) moving averages, indicating bearish momentum. The RSI at 28.03 suggests that the stock is oversold, potentially signaling a reversal.
Directional Bias: Given the current RSI and the proximity to the 60-day low of
$85.47, there is a possibility of a short-term bounce. However, the overall trend remains bearish until it breaks above the MAs.
Trade Plan:
- Suggested Entry:
$86.50 (slightly above the last close to confirm upward movement)
- Stop Loss:
$85.00 (below the 60-day low for risk management)
- Take Profit Targets:
1.
$90.00 (1st target, approx. 4.5% ROI)
2.
$92.00 (2nd target, approx. 6.5% ROI)
3.
$101.00 (3rd target, approx. 17.3% ROI)
Monitor price action closely around the MAs for potential adjustments.
https://privateprofiteers.com
