Nov. 14 at 3:11 AM
$GWW: The market context shows a recent close at
$934.94, indicating a potential bearish trend as the price is below both the 30-day MA of
$958.9 and the 50-day MA of
$967.62. The RSI at 35.65 suggests the stock is nearing oversold conditions, which could indicate a potential reversal; however, the overall trend remains negative. The price is currently between the 60-day high of
$1029.68 and the low of
$919.16, suggesting a range-bound environment.
Suggested entry:
$925.00, as it is above the current close and may capture a potential bounce. Stop loss:
$910.00, below the recent low to mitigate risk.
Targets: First target at
$950.00, aligning with resistance near the 30-day MA, and a second target at
$965.00, near the 50-day MA.
This plan capitalizes on a potential short-term reversal while managing risk effectively.
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