Nov. 15 at 8:42 AM
$CNC is currently trading at
$36.38, showing a positive market context. The RSI at 59.82 indicates that the stock is approaching overbought territory but is not yet there, suggesting potential for further upside. The 30-day moving average (MA30) at
$35.94 is below the current price, indicating bullish momentum, while the 50-day moving average (MA50) at
$34.97 further supports this trend.
With the 60-day high at
$39.28 and low at
$28.24, there is a clear range that suggests potential upside. Given these metrics, the directional bias is bullish.
Suggested entry point is at
$36.50, with a stop loss set at
$35.50 to manage risk. Target 1 is
$38.00, aligning with resistance near the recent high, and Target 2 is
$39.00, just below the 60-day high.
This plan leverages the current bullish indicators while maintaining a disciplined risk management approach.
https://privateprofiteers.com
