Nov. 22 at 2:01 AM
$EA: The current market context shows a last close at
$200.69, slightly below the 30-day moving average (MA30) of
$200.74, indicating potential resistance. The RSI at 56.35 suggests a neutral to slightly bullish sentiment, as it is above 50 but not overbought. The 50-day moving average (MA50) at
$195.4 provides a solid support level, while the 60-day high of
$203.75 presents a target for bullish momentum.
Directional bias leans bullish, considering the price is near the MA30 and above the MA50, with the RSI indicating room for upward movement. Suggested entry is at
$201.00, with a stop loss at
$198.50 to manage risk. Target 1 is set at
$203.00, approaching the 60D high, and Target 2 at
$205.00, allowing for potential breakout gains.
This plan capitalizes on current momentum while managing risk effectively.
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