Nov. 14 at 4:17 AM
$CWEN is currently trading at
$35.58, near its 60D high of
$35.95, indicating a strong upward momentum. The RSI at 90.0 suggests that the stock is overbought, which may lead to a price correction. The MA30 at
$32.52 and MA50 at
$30.93 support a bullish trend, but the high RSI raises caution for potential pullbacks.
Directional bias is cautiously bullish, with the potential for a short-term correction given the overbought condition. Suggested entry is at
$35.00, allowing for a slight retracement. Set a stop loss at
$34.00 to manage risk.
Target 1 is
$36.50, just above the 60D high, while Target 2 is
$37.00, providing a further upside potential. Monitor the RSI closely; if it drops significantly, reevaluate the position.
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