Nov. 13 at 2:28 AM
$FAF: The current market context shows a last close of
$64.1, with an RSI of 61.14 indicating a moderately bullish momentum but approaching overbought territory. The price is above the 30-day moving average (MA30) of
$61.77 and the 50-day moving average (MA50) of
$63.49, suggesting a positive trend. The recent high of
$68.64 provides a resistance level, while the low of
$58.51 offers support.
Directional bias is bullish due to the price being above key moving averages and the RSI indicating strength, but caution is warranted as it approaches overbought conditions.
Suggested entry:
$64.5, stop:
$62.5. Targets:
$67.0 (near recent high) and
$68.0 (psychological level). Monitor for potential reversal signals if RSI exceeds 70.
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