Nov. 14 at 3:30 AM
$CW: The last close at
$546.16 indicates the stock is currently trading below the 30-day moving average (MA30) of
$566.42 but slightly above the 50-day moving average (MA50) of
$545.13. The RSI at 40.4 suggests the stock is approaching oversold territory, indicating potential for a bullish reversal. The 60-day high of
$612.28 and low of
$465.51 provide a significant range, suggesting volatility and potential for price movement.
Directional bias leans slightly bullish due to the RSI and proximity to the MA50. Suggested entry is at
$548, just above the recent close, to capture potential upward momentum. Set a stop loss at
$540 to limit downside risk. Target 1 is
$570, aligning with the MA30, and Target 2 is
$590, aiming for a retracement towards the 60-day high range.
This plan allows for a calculated entry while managing risk effectively. https://privateprofiteers.com
