Nov. 15 at 12:37 AM
$COLB is currently positioned at
$26.93, reflecting a strong market sentiment as indicated by an RSI of 62.47, suggesting bullish momentum. The price is above both the 30-day moving average (MA30) of
$26.08 and the 50-day moving average (MA50) of
$26.09, reinforcing a positive directional bias. The recent 60-day high of
$27.52 indicates potential resistance, while the low of
$23.83 establishes a solid support range.
Suggested entry point is at
$27.00, slightly above the last close, to capitalize on upward momentum. A stop loss can be set at
$26.50 to manage risk effectively. For targets, consider
$27.50, just below the 60D high, and
$28.00 as a secondary target, allowing for potential further gains if bullish momentum continues.
Overall, the market context supports a bullish outlook for
$COLB, with clear entry and exit strategies.
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