Nov. 13 at 12:58 AM
$APH is currently trading at
$143.76, nearing its 60D high of
$144.37. The RSI at 74.32 indicates overbought conditions, suggesting potential for a pullback. The MA30 at 131.36 and MA50 at 126.48 show a strong upward trend, but the absence of a MA200 limits long-term trend analysis.
Directional bias leans bearish in the short term due to the high RSI, indicating a possible correction. A suggested entry point could be around
$142.50, just below the last close, to capitalize on a potential pullback. Set a stop loss at
$140.00 to manage risk effectively.
For targets, consider
$145.00 as an initial target, given proximity to the 60D high, and
$147.00 as a secondary target if momentum persists. Monitor price action closely, as the overbought RSI suggests caution.
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