Nov. 14 at 11:33 PM
$ET is currently trading at
$17.01, showing a neutral RSI of 52.21, indicating no immediate overbought or oversold conditions. The 30-day moving average (MA30) is at
$16.72, and the 50-day moving average (MA50) is at
$16.95, suggesting a bullish trend as the price is above both MAs. The recent 60-day high of
$17.85 indicates potential resistance, while the low of
$16.18 provides a solid support level.
Market context shows a stable price action within the range of
$16.18 to
$17.85. Given the current price is near the upper end of this range, a cautious bullish stance is advisable.
Suggested entry is at
$17.05, with a stop loss at
$16.85 to limit downside risk. Target 1 is set at
$17.50, just below the 60D high, and Target 2 at
$17.80 for a more aggressive exit.
Overall, the trade plan is to capitalize on the upward momentum while managing risk effectively.
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