Nov. 14 at 11:26 PM
$HWM is currently trading at
$203.29, showing a neutral RSI at 52.59, indicating no immediate overbought or oversold conditions. The price is above the 30-day moving average (MA30) of 198.52 and significantly above the 50-day moving average (MA50) of 194.68, suggesting a bullish trend in the short term. The recent high of
$211.95 indicates potential resistance, while the low of
$170.24 provides a strong support level.
Given this context, the directional bias is bullish. A suggested entry point is at
$204.50, slightly above the last close to confirm upward momentum. Set a stop loss at
$197.00 to manage risk. For targets, aim for
$210.00 as the first target, aligning with the recent high, and
$215.00 as a second target, which allows for further upside potential.
This trade plan leverages the current market context and technical indicators effectively.
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