Dec. 6 at 3:21 AM
$SON Actionable Trade Alert:
Market Context:
$SON is currently trading at
$41.29, with an RSI of 47.85 indicating a neutral momentum. The stock is positioned between its 60D high of
$49.76 and low of
$38.65, suggesting potential for upward movement if it breaks resistance.
Directional Bias: The stock is above its MA30 (40.67) and MA50 (41.07), indicating a bullish bias. However, the RSI suggests caution as it is not yet in overbought territory.
Suggested Trade Plan:
- Entry:
$41.50 (breakout above current close)
- Stop Loss:
$39.50 (to limit risk)
- Take Profit Targets:
1.
$43.50 (5% gain)
2.
$45.00 (8% gain)
3.
$48.00 (16% gain)
With a potential 16% ROI on target 3, this plan aligns well with current metrics. Monitor closely for market shifts that could impact price action.
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