Nov. 13 at 1:42 AM
$ESS: The current market context shows a last close at
$261.75, with the RSI at 47.07, indicating a neutral momentum. The price is slightly above the 30-day moving average (MA30) of
$259.31 but below the 50-day moving average (MA50) of
$262.08, suggesting mixed signals. The 60-day high of
$270.84 provides a resistance level, while the low of
$243.25 indicates strong support.
Directional bias leans slightly bullish due to the price being above the MA30, but the RSI indicates a lack of strong upward momentum.
Suggested entry is at
$262.00, with a stop loss at
$255.00 to manage risk. Target 1 is set at
$268.00, near the 60D high, and Target 2 at
$272.00, allowing for potential breakout gains.
Monitor the market closely for any shifts in momentum or volatility.
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