Nov. 13 at 2:41 AM
$ENS is currently trading at
$138.57, near its 60-day high of
$140.98, indicating strong upward momentum. The RSI at 86.42 suggests that the stock is overbought, which may lead to a price correction. The 30-day moving average (MA30) at
$121.67 and the 50-day moving average (MA50) at
$116.15 both indicate a bullish trend, but the significant gap between the current price and these MAs suggests potential downside risk.
Directional bias is cautiously bearish due to the high RSI, despite the overall bullish trend indicated by the moving averages.
Suggested entry: Wait for a pullback to around
$135.
Stop: Set at
$132 to limit potential losses.
Targets: First target at
$140, with a second target at
$143 if momentum continues.
Monitor for signs of reversal or further strength before entering.
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