Nov. 21 at 4:03 AM
$CVCO: The last close at
$544.16 indicates a position near the middle of the recent trading range, with a 60D high of
$602.57 and a low of
$486.47. The RSI at 55.95 suggests neutral momentum, indicating potential for upward movement without being overbought. The MA30 at
$549.52 and MA50 at
$551.53 are slightly above the current price, signaling resistance levels that could be tested.
Directional bias leans slightly bullish, as the price is above the 30-day moving average but below the 50-day. Suggested entry is at
$546.00, just above the MA30, to capture potential upward momentum. Set a stop at
$530.00 to limit risk. Target 1 is
$560.00, near the previous resistance, and Target 2 is
$575.00, aiming for a more significant retracement towards the 60D high.
Monitor for any shifts in momentum or market conditions.
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