Nov. 13 at 1:59 AM
$IONS: The last close at
$72.45 indicates a position above the 30-day moving average (MA30) of
$71.63 and the 50-day moving average (MA50) of
$67.95, suggesting a bullish trend. The RSI at 52.54 indicates neutral momentum, providing room for upward movement without being overbought. The 60-day high of
$76.78 presents a potential resistance level, while the low of
$41.71 establishes a significant support range.
Trade Plan:
- Directional Bias: Bullish, given the price above key MAs and neutral RSI.
- Suggested Entry:
$73.00 to capitalize on upward momentum.
- Stop Loss:
$70.00 to limit potential losses below recent support levels.
- Target 1:
$76.00, approaching the 60D high.
- Target 2:
$78.00, for extended gains beyond the high.
Monitor market conditions closely, as volatility (ATR at 2.88) may impact price movements.
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