Nov. 13 at 3:03 AM
$AB: The last close at
$39.69 indicates a position above the 30-day moving average (MA30) of
$39.22 and the 50-day moving average (MA50) of
$38.88, suggesting a bullish trend. The RSI of 53.57 indicates that the stock is neither overbought nor oversold, allowing for potential upward movement. The price is also near the 60-day high of
$40.78, creating a resistance level to watch.
Directional bias is bullish given the position relative to MAs and the RSI's neutral stance. Suggested entry is at
$39.70, just above the last close, to capture momentum. Set a stop loss at
$39.00 to manage risk, below the recent low. Target 1 is
$40.50, near the 60-day high, and Target 2 is
$41.00, allowing for further upside potential.
Overall, the trade plan focuses on capitalizing on the bullish trend while managing risk effectively.
https://privateprofiteers.com
