Nov. 13 at 1:46 AM
$JBHT: The current market context shows a last close of
$168.01, with an RSI of 49.0 indicating neutral momentum. The stock is above its 30-day moving average (MA30) of 157.54 and 50-day moving average (MA50) of 149.37, suggesting a bullish bias in the short term. However, the RSI indicates a lack of strong upward momentum, and the price is still below the 60-day high of 173.97, which may limit immediate upside potential.
Suggested entry is at
$169.00, slightly above the last close to confirm upward movement. Set a stop loss at
$164.00 to manage risk, just below recent support levels. Target 1 is
$173.00, approaching the 60-day high, and Target 2 is
$175.00, allowing for potential breakout gains.
Overall, the trade plan reflects a cautious bullish approach, leveraging current support and resistance levels while managing risk effectively.
https://privateprofiteers.com