Nov. 13 at 2:59 AM
$CNO: The current market context shows a last close of
$40.99, which is above both the 30-day moving average (MA30) of
$39.89 and the 50-day moving average (MA50) of
$39.75, indicating bullish momentum. The RSI at 62.98 suggests that the stock is approaching overbought territory but is not yet there, allowing for potential upward movement. The 60-day high of
$42.00 presents a resistance level, while the low of
$37.75 indicates solid support.
Directional bias is bullish due to the price being above key moving averages and the proximity to the recent high.
Suggested entry is at
$41.10, with a stop loss at
$39.50 to manage risk. Target 1 is set at
$42.00 (60D high), and Target 2 is at
$43.00, allowing for potential gains if momentum continues.
Monitor RSI for potential overbought signals as targets are approached.
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