Nov. 14 at 4:53 AM
$COMM is currently trading at
$16.73, showing a moderate bullish sentiment with an RSI of 56.87, indicating potential upward momentum without being overbought. The price is above the 30-day MA of
$15.97 and the 50-day MA of
$16.03, reinforcing a bullish trend. The recent 60-day high of
$17.98 provides a clear resistance level, while the 60-day low of
$14.69 offers support.
For a trade plan, consider entering a long position at
$16.80, slightly above the last close to confirm upward momentum. Set a stop loss at
$16.30 to limit potential losses, just below the 30-day MA. Target 1 can be set at
$17.20, near the 60-day high, and Target 2 at
$17.80, allowing for further upside potential.
This plan leverages current market indicators and price action, aiming for a favorable risk-reward ratio.
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