Nov. 15 at 1:11 AM
$CNR Trade Plan:
Market Context: The last close of
$82.58 positions the stock within a range defined by a 60-day high of
$102.93 and a low of
$68.78. The current RSI of 49.37 indicates a neutral momentum, suggesting that the stock is neither overbought nor oversold.
Directional Bias: The stock is trading below both the 30-day moving average (MA30) at 87.26 and the 50-day moving average (MA50) at 83.62, indicating a bearish short-term trend. However, the RSI suggests potential for upward movement if it crosses above 50.
Suggested Entry: Consider entering a long position above
$83.00, where it can break above the MA50.
Stop: Place a stop loss at
$78.00 to manage risk.
Targets: Set the first target at
$87.00 (near MA30) and a second target at
$92.00, which is approximately 10% above the entry point.
This plan leverages current metrics for a calculated approach.
https://privateprofiteers.com
