Nov. 13 at 3:08 AM
$AIR is currently trading at
$83.84, showing a strong position above the 30-day moving average (MA30) of
$83.42 and significantly above the 50-day moving average (MA50) of
$81.25. The RSI at 58.61 indicates bullish momentum, suggesting potential for further upside without being overbought.
Market context reveals a recent high of
$89.69 and a low of
$71.67 over the past 60 days, indicating a range that allows for upward movement. The ATR of 2.5 suggests moderate volatility, providing room for price fluctuations.
Suggested trade plan:
- Entry:
$84.00 (slightly above the last close to confirm upward momentum)
- Stop:
$81.50 (below the MA50 for risk management)
- Target 1:
$88.00 (near the 60D high)
- Target 2:
$89.00 (psychological resistance level)
This plan leverages current bullish indicators while managing risk effectively.
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