Nov. 15 at 10:33 PM
$COHR: The current market context shows a last close at
$139.33, with an RSI of 52.44 indicating neutral momentum. The price is above the 30-day moving average (MA30) of
$129.82 and significantly above the 50-day moving average (MA50) of
$120.69, suggesting a bullish trend in the short to medium term. The 60-day high of
$168.57 provides a resistance level, while the 60-day low of
$85.94 offers support.
Directional bias leans bullish given the position above key moving averages and the RSI indicating potential for upward movement.
Suggested entry at
$140.00, with a stop loss at
$128.00 to manage risk. Target 1 at
$155.00 (near the midpoint of the recent high), and Target 2 at
$165.00 (approaching the 60D high).
Monitor price action closely, as volatility indicated by the ATR of 11.46 may lead to swift price movements.
https://privateprofiteers.com
