Nov. 13 at 3:10 AM
$CATY is currently showing a last close of
$47.08, with an RSI of 60.86, indicating it is nearing overbought territory but not yet in extreme conditions. The price is at the 30-day moving average (MA30) of
$47.08, suggesting a potential support level. However, the 50-day moving average (MA50) is higher at
$47.86, indicating a slight bearish bias in the longer term.
Given the 60-day high of
$51.08 and low of
$44.57, the current price is closer to the high end of this range, which may limit upside potential.
Suggested entry:
$47.10, with a stop loss at
$46.00 to manage risk.
Targets: First target at
$48.50 (previous resistance), and a second target at
$50.00, which aligns with the psychological level and remains below the 60D high.
Overall, the trade plan leans slightly bullish but requires caution due to proximity to resistance levels.
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