Dec. 19 at 4:06 PM
$FNF: Current market context shows a close at
$56.09, with an RSI of 42.07 indicating a neutral to slightly bearish sentiment. The price is above the 30-day MA of
$55.89 and the 50-day MA of
$55.07, suggesting potential support levels. The 60-day high at
$58.57 presents a resistance level, while the low at
$52.41 indicates a significant range for potential movement.
Directional bias leans bullish due to the proximity to moving averages, which may act as support. Suggested entry at
$56.10, with a stop loss set at
$54.50 to limit downside risk.
Take Profit Targets:
1. TP1 at
$57.00 (1.60% gain)
2. TP2 at
$57.75 (2.96% gain)
3. TP3 at
$65.75 (17.2% gain)
This trade plan provides a clear path with defined targets and risk management. Monitor price action closely around the moving averages for confirmation.
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