Nov. 13 at 3:19 AM
$APLE is currently trading at
$11.89, showing a stable RSI of 53.73, indicating neutral momentum. The price is above the 30-day moving average (MA30) of
$11.59 but below the 50-day moving average (MA50) of
$11.94, suggesting a potential upward bias if it can break through the MA50. The 60-day high of
$13.27 provides a resistance level, while the low of
$10.85 offers support.
Given this context, a bullish trade plan is suggested. Entry can be set at
$11.95, just above the MA50, which may confirm upward momentum. A stop-loss should be placed at
$11.50 to manage risk. Target 1 can be set at
$12.50, and Target 2 at
$13.00, both offering reasonable risk-reward ratios based on recent price action.
Overall, the market context indicates a potential upward move if the price breaks the MA50, supported by the RSI's neutral stance.
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