Nov. 15 at 1:14 AM
$HCC is currently trading at
$80.38, showing a strong upward momentum as indicated by an RSI of 74.0, which suggests it is overbought. The price is above both the 30-day MA of 68.54 and the 50-day MA of 65.91, reinforcing a bullish trend. However, the high of
$85.86 within the last 60 days indicates potential resistance ahead, while the low of
$54.66 suggests a solid support level.
Given the overbought condition, a pullback could be expected. Suggested entry is around
$78.00 to capitalize on a potential retracement. Set a stop loss at
$76.00 to limit downside risk. For targets, aim for
$85.00, just below the 60D high, and a secondary target at
$82.00, which provides a reasonable risk-reward ratio.
Monitor the RSI and MA trends closely for any signs of reversal.
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