Nov. 14 at 4:24 AM
$AXTA: The last close at
$29.67 indicates a position above the 30-day moving average (MA30) of
$28.29 and the 50-day moving average (MA50) of
$28.95, suggesting a bullish trend. The RSI of 55.87 indicates that the stock is neither overbought nor oversold, allowing for potential upward movement. The price is currently near the 60-day high of
$32.39, which could serve as a resistance level.
Directional Bias: Bullish, given the price's position relative to MAs and the RSI indicating room for growth.
Suggested Entry:
$29.70 (slightly above the last close to confirm upward momentum).
Stop:
$28.80 (below the recent support level).
Targets:
$31.00 (first target, near resistance) and
$32.00 (second target, approaching the 60D high).
Monitor for any changes in momentum or market conditions.
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