Dec. 6 at 2:36 AM
Actionable Trade Alert for
$SSB
Market Context:
$SSB is currently trading at
$92.07, showing a strong position within its recent range. The RSI of 57.99 indicates bullish momentum, suggesting potential for upward movement. The stock is above its 30-day MA of 88.76, indicating a positive trend, while the 50-day MA at 92.2 shows it is at a critical resistance level.
Directional Bias: Given the RSI and the stock's position relative to its moving averages, we have a bullish bias. The recent high of
$103.63 offers a clear target for profit-taking.
Trade Plan:
- Suggested Entry:
$92.07
- Stop Loss:
$89.00 (below the 30-day MA)
- Take Profit Targets:
1.
$96.00 (4.2% ROI)
2.
$100.00 (8.6% ROI)
3.
$108.00 (17.3% ROI)
With the potential to reach
$108.00, this trade offers a solid risk-reward ratio. Monitor closely for any changes in market conditions.
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