Nov. 13 at 1:01 AM
$HON: The current market context shows a last close of
$201.36, with an RSI of 58.7 indicating bullish momentum but not overbought conditions. The price is above both the 30-day MA of
$197.08 and the 50-day MA of
$197.93, suggesting a positive short-term trend. The 60-day high of
$210.25 presents a potential resistance level, while the low of
$189.08 indicates strong support.
Directional bias is bullish due to the price action above the moving averages and the RSI being below 60, which allows room for further upside.
Suggested entry:
$202.00 (slightly above the last close).
Stop loss:
$197.00 (below the 30-day MA).
Targets:
$205.00 (first target) and
$210.00 (second target, near the 60D high).
This plan leverages current bullish indicators while managing risk effectively.
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