Nov. 14 at 3:56 AM
$FHN: The current market context shows the stock trading at
$21.42, which is near the 30-day moving average (MA30) of
$21.54 but below the 50-day moving average (MA50) of
$21.97. The RSI of 58.84 indicates that the stock is approaching overbought territory but is not yet overextended. The 60-day high of
$23.7 provides a potential resistance level, while the low of
$19.8 offers support.
Directional bias is slightly bullish given the RSI and proximity to the MA30. A suggested entry point is at
$21.50, slightly above the MA30 to confirm upward momentum. Set a stop loss at
$20.90 to manage risk. Target 1 can be set at
$22.50, just below the 60-day high, and Target 2 at
$23.00 for a more aggressive exit.
This plan aims to capitalize on potential upward movement while managing downside risk effectively.
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