Nov. 13 at 1:32 AM
$FWONK: The last close at
$101.89 indicates a bullish sentiment, supported by an RSI of 65.29, which suggests the stock is nearing overbought conditions but still has room for upward movement. The current price is above the 30-day moving average (MA30) of
$101.05, indicating a short-term bullish trend. However, it is slightly below the 50-day moving average (MA50) of
$101.46, which may act as resistance.
Given the 60-day high of
$109.36 and low of
$93.41, the stock has a significant range, providing potential for upward movement. Suggested entry is at
$102.50, with a stop loss at
$99.50 to manage risk. Target 1 is set at
$106.00, near the recent highs, and Target 2 at
$108.00, approaching the 60-day high.
Monitor the RSI for potential reversal signals and adjust the stop loss accordingly as the trade progresses.
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