Nov. 13 at 1:47 AM
$FNF: The current market context shows a last close at
$58.65, which is above the 30-day moving average (MA30) of
$56.52 and the 50-day moving average (MA50) of
$57.81, indicating bullish momentum. The RSI at 62.14 suggests the stock is approaching overbought conditions, but it is not yet in the overbought territory (above 70), allowing for potential upward movement. The 60-day high of
$61.40 provides a resistance level, while the low of
$54.35 offers support.
Directional bias is bullish due to the price being above key moving averages and the recent price action. Suggested entry is at
$58.75, with a stop loss set at
$57.25 to manage risk. Target 1 is
$60.00, aligning with psychological resistance, and Target 2 is
$61.40, the 60-day high.
Monitor the RSI for signs of reversal and adjust the plan accordingly.
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