Nov. 13 at 2:17 AM
$AGCO trade plan:
Market context shows the last close at
$107.27, with an RSI of 50.03 indicating a neutral momentum. The current price is slightly above the 30-day moving average (MA30) of
$107.16 but below the 50-day moving average (MA50) of
$107.92, suggesting mixed signals. The 60-day high of
$117.34 and low of
$100.66 indicate a range that could provide trading opportunities.
Directional bias leans slightly bullish, as the price is above the MA30 and near the midpoint of the recent high-low range.
Suggested entry at
$107.50, with a stop-loss at
$104.00 to manage risk. Target 1 is
$112.00, aligning with the MA50, and Target 2 is
$115.00, approaching the 60-day high.
Monitor the ATR of 3.42 for volatility, ensuring that the targets are realistic given the price movement.
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