Nov. 13 at 1:07 AM
$GLW: The current market context shows a last close at
$87.75, with an RSI of 56.93 indicating a neutral to slightly bullish momentum. The price is above the 30-day moving average (MA30) of
$86.28, suggesting a positive short-term trend, while the 50-day moving average (MA50) at
$82.48 supports a longer-term bullish outlook. The recent high of
$92.57 indicates potential resistance, while the low of
$63.37 provides a solid support base.
Directional bias is bullish due to the price being above the MA30 and the RSI being above 50, indicating upward momentum.
Suggested entry:
$88.00.
Stop:
$84.50 (below MA30 for risk management).
Targets:
$91.00 (first target near recent high) and
$93.00 (second target for extended gains).
Monitor for any changes in momentum or market conditions that could affect these levels.
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