Nov. 14 at 3:43 AM
$COO: The market context shows a recent close at
$71.75, with an RSI of 41.24 indicating a neutral to slightly bearish momentum. The price is above the 30-day moving average (MA30) of
$71.03 and significantly above the 50-day moving average (MA50) of
$69.62, suggesting a potential bullish trend, but the RSI indicates a lack of strong buying pressure.
Given the 60-day high of
$76.22 and low of
$61.78, the price is currently closer to the midpoint, indicating potential for both upward and downward movement.
Suggested entry is at
$72.00, with a stop loss at
$70.00 to mitigate risk. Target 1 is set at
$74.00, aligning with resistance levels, and Target 2 at
$76.00, near the 60-day high.
This plan leverages the current price action and moving averages while considering the overall market sentiment reflected in the RSI.
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