Nov. 13 at 3:13 AM
$FHB is currently positioned at
$24.89, showing a strong bullish sentiment with an RSI of 67.2, indicating potential overbought conditions. The price is above the 30-day moving average (MA30) of
$24.33 and slightly below the 50-day moving average (MA50) of
$24.78, suggesting a mixed short-term trend but overall bullish momentum. The recent 60-day high of
$26.39 provides a clear resistance level, while the low of
$22.65 establishes a solid support base.
Trade Plan:
- Directional Bias: Bullish, given the proximity to the 60-day high and the strong RSI.
- Suggested Entry:
$25.00, aiming to capitalize on potential upward movement.
- Stop Loss:
$24.50, just below the MA30 to limit downside risk.
- Targets: First target at
$26.00 (near the 60D high) and a second target at
$26.39 (60D high).
Monitor price action closely for confirmation.
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