Nov. 13 at 3:14 AM
$CBU: The current market context shows a last close of
$57.36, indicating a position near the midpoint of the 60-day high (
$62.45) and low (
$54.22). The RSI at 57.1 suggests a neutral to slightly bullish sentiment, as it is below the overbought threshold of 70. The 30-day moving average (MA30) at
$56.85 is below the last close, indicating short-term bullish momentum, while the 50-day moving average (MA50) at
$57.96 is slightly above, suggesting potential resistance.
Directional bias is cautiously bullish due to the proximity of the last close to the MA30 and RSI positioning. Suggested entry is at
$57.50, with a stop-loss at
$56.00 to manage risk. Target 1 is set at
$59.00, just below the MA50, and Target 2 at
$61.00, approaching the 60D high.
This plan leverages current momentum and technical indicators to capitalize on potential upward movement.
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