Nov. 14 at 11:43 PM
$ED trade plan:
Market context shows a recent close at
$101.66, with the stock trading above its 30-day moving average (MA30) of
$99.83 and 50-day moving average (MA50) of
$98.98, indicating bullish momentum. The RSI at 54.72 suggests neutral to slightly bullish conditions, providing room for upward movement without being overbought.
Directional bias is positive, supported by the stock's position above both MAs and the recent high of
$103.14, which is near the 60-day high. The low of
$95.26 indicates a healthy range for potential price movement.
Suggested entry point is at
$102.00, with a stop loss set at
$100.50 to manage risk. Target 1 is
$103.00, aligning with the recent high, and Target 2 is
$104.50, providing an additional upside opportunity.
Overall, this trade plan leverages current market metrics to capitalize on potential upward movement in
$ED.
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