Nov. 21 at 4:03 AM
$GVA is currently trading at
$102.41, positioned between its 60D high of
$111.71 and low of
$97.26, indicating a potential range-bound scenario. The RSI at 48.04 suggests a neutral momentum, providing no immediate overbought or oversold signals. The price is below both the 30-day MA of 103.37 and the 50-day MA of 105.46, indicating a bearish bias in the short to medium term.
Suggested entry point is at
$102.00, just below the last close, allowing for a potential bounce. Set a stop loss at
$99.50 to manage risk, which is above the 60D low. For targets, consider
$105.00, aligning with the 50-day MA, and a secondary target at
$108.00, slightly below the 60D high, to capitalize on upward momentum if it materializes.
Overall, the trade plan is to take a cautious long position with defined risk and clear targets based on current market metrics.
https://privateprofiteers.com
