You may have noticed this one show up in my brokerage account back in March. It was sold for a profit and put on watch. I buy and sell things for different reasons, but NFTRH+ needs technical setups and now SLCA has one, although it was originally brought to my attention by a subscriber who is very fundamentals-oriented, FWIW. If interested in that side of things, take a look and consider it along with the technical situation.
The stock broke above resistance and turned it to support. This is conveniently in confluence with the EMA and SMA 50 day averages. A reasonable upside target is Gap #2, which also happens to be near notable resistance traffic and an upside measurement based on the break above 33.
Buy Target: 33 (+/-)
Sell Target: 43 (+/-) or anywhere that profit is deemed acceptable
Stop Loss: Below 32 to suit risk tolerance.
A reminder that chart based NFTRH+ updates are just trade setup ideas, which may not be revisited as the parameters are already noted. They are meant as a starting point for further research if interested. Fundamentals-based ideas are also provided for your further research only. I will not personally buy every item highlighted and will sometimes sell – without prior notice (because this takes time and resource away from NFTRH’s main functions) – any item that I do buy, below target, which is something I often do as a trader. Also please be aware that I am not a fundamental stock analyst.
