Nov. 14 at 3:58 AM
$CMA is currently trading at
$78.11, showing a neutral RSI at 49.21, indicating no immediate overbought or oversold conditions. The price is above the 30-day moving average (MA30) of
$77.59 and significantly above the 50-day moving average (MA50) of
$74.23, suggesting a bullish short-term trend. The 60-day high of
$83.22 presents a potential resistance level, while the 60-day low of
$66.64 offers support.
Directional bias leans bullish given the price's position relative to the MA30 and MA50. Suggested entry point is at
$78.50, just above the last close, to confirm upward momentum. Set a stop loss at
$76.50 to manage risk. Targets are set at
$81.00 (near the 60D high) and
$83.00 for potential profit-taking.
Monitor market conditions closely, as volatility indicated by the ATR of 1.53 may influence price movements.
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