Going Long Sandy Spring Bancorp Inc near $25.20.
Swing trade for 6-12 months.
First target near $35, second target near $42. For Stop Loss, we will be monitoring the behavior below $22.
The algorithm has found a resistance at the end of a downtrend channel. The 33$ support is working pretty well and now we must be aware if the price has enough demand to break the 36$ level.
This break could potentially move the price outside the channel and the zone of 40$ would then become the target. The risk reward is good enough and the stop loss can be...
