Dec. 8 at 11:35 PM
Actionable Trade Alert for
$SSB:
Market Context:
$SSB is currently trading at
$91.64, showing strong momentum but with an RSI of 71.91, indicating it may be overbought. The price is above the 30-day moving average (MA30) of
$88.87 and close to the 50-day moving average (MA50) of
$91.85, suggesting short-term bullish sentiment but potential resistance ahead.
Directional Bias: Given the high RSI and proximity to recent highs (60D High of
$103.63), we anticipate a pullback before a potential breakout. The 60D Low of
$84.48 provides a solid support level.
Suggested Trade Plan:
- Entry:
$91.00 (slightly below current price to capture a pullback)
- Stop Loss:
$88.50 (to limit downside risk)
- Take Profit Targets:
1.
$95.00 (4.3% gain)
2.
$100.00 (9.1% gain)
3.
$107.00 (16.7% gain)
This trade plan offers a potential ROI of over 17% on the third target while managing risk effectively.
https://privateprofiteers.com
