Nov. 13 at 2:49 AM
$CE: The last close at
$41.4 shows the stock is currently positioned between its 60D high of
$49.33 and low of
$35.48, suggesting a moderate range. The RSI at 52.64 indicates a neutral momentum, neither overbought nor oversold, which supports a potential for upward movement. The MA30 at
$40.86 is below the last close, providing support, while the MA50 at
$42.22 is just above, acting as resistance.
Directional bias leans slightly bullish given the proximity to MA30 and the neutral RSI. Suggested entry at
$41.5, just above the last close, to capture potential upward momentum. Set a stop loss at
$39.5, below the MA30 for risk management. For targets, aim for
$44 (near the MA50) and
$46, which is a psychological level within the range.
This plan utilizes current metrics effectively to navigate potential price movements.
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