Nov. 14 at 3:51 AM
$ALB: The current market context shows a last close at
$114.57, indicating a strong position above both the 30-day moving average (MA30) of
$96.46 and the 50-day moving average (MA50) of
$90.29. The RSI at 59.17 suggests bullish momentum, as it is below the overbought threshold of 70 but indicates strength. The price is also approaching the 60-day high of
$119.28, which could act as resistance.
Directional bias is bullish due to the price being above key moving averages and the RSI indicating upward momentum.
Suggested entry:
$115.00, above the last close to confirm upward movement.
Stop loss:
$109.00, below recent support levels to manage risk.
Targets: First target at
$119.00, near the 60D high, and a second target at
$122.00, anticipating further bullish continuation.
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