Nov. 15 at 1:01 AM
$HHH: The current market context shows a close at
$87.05, with an RSI of 63.99 indicating bullish momentum but approaching overbought territory. The price is above both the 30-day MA (81.55) and the 50-day MA (81.41), suggesting a strong upward trend. The recent high of
$90.27 within the last 60 days indicates potential resistance, while the low of
$72.58 provides a solid support level.
Directional bias is bullish due to the price action above key moving averages and the recent high. Suggested entry is at
$87.50, slightly above the last close to confirm upward momentum. Set a stop loss at
$85.00 to manage risk. Target 1 is
$90.00, aiming for a test of the recent high, and Target 2 is
$92.00, allowing for potential breakout gains.
Monitor RSI for signs of reversal as it approaches overbought levels.
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