Nov. 14 at 11:48 PM
$ATO is currently trading at
$175.12, showing a neutral RSI at 47.14, indicating no immediate overbought or oversold conditions. The price is slightly below the 30-day moving average (MA30) of
$175.69, suggesting a potential bearish sentiment in the short term. However, the 50-day moving average (MA50) of
$171.86 indicates a longer-term bullish trend, as the price is above this level.
Given the 60-day high of
$180.65 and low of
$160.1, the current price is closer to the high, which may limit upside potential. A suggested entry point is around
$174.50, with a stop loss set at
$172.50 to manage risk. Target 1 could be set at
$178, aligning with resistance near the recent high, while Target 2 could be at
$180 to capture further upside if momentum builds.
Overall, the plan reflects a cautious bullish bias, considering the longer-term trend despite short-term resistance.
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