Nov. 13 at 1:29 AM
$EXE: The last close at
$118.75, combined with an RSI of 81.57, indicates that the stock is overbought, suggesting a potential pullback. The MA30 at
$106.19 and MA50 at
$103.37 show a strong upward trend, but the high of
$118.8 within the last 60 days indicates resistance. Given the overbought condition, a bearish bias is warranted.
Suggested entry: Consider shorting at
$118.50, just below the recent high. Set a stop-loss at
$121.00 to limit potential losses.
Targets: First target at
$115.00, aligning with a psychological level and recent support. Second target at
$112.00, near the MA30, which could act as further support.
Monitor for any changes in momentum or market sentiment that could impact these levels.
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