Nov. 15 at 12:50 AM
$CHE: The last close at
$435.56 is positioned between the recent 60D high of
$482.57 and low of
$421.58, indicating a neutral market context. The RSI at 49.45 suggests that the stock is neither overbought nor oversold, allowing for potential movement in either direction.
Directional bias leans slightly bullish as the price is above the 30-day moving average (MA30) of
$438.71 but below the 50-day moving average (MA50) of
$444.12. A break above the MA30 could signal upward momentum.
Suggested entry is at
$438.00, slightly above the MA30. Set a stop loss at
$421.00, just above the 60D low, to manage risk.
Targets: First target at
$450.00 (near the MA50), and a second target at
$460.00, taking advantage of potential upward movement towards the 60D high.
Monitor ATR of 17.07 for volatility considerations.
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