Nov. 13 at 1:59 AM
$JEF is currently trading at
$56.28, showing a neutral to slightly bullish market context with an RSI of 55.67, indicating momentum is neither overbought nor oversold. The price is above the 30-day moving average (MA30) of
$55.22 but below the 50-day moving average (MA50) of
$59.72, suggesting potential resistance ahead. The recent high of
$71.04 and low of
$48.51 over the last 60 days indicates a significant range, providing a backdrop for potential volatility.
Directional bias leans bullish due to the price being above MA30 and RSI indicating room for upward movement. Suggested entry is at
$56.50, with a stop loss set at
$54.50 to manage risk. Target 1 is
$60.00, aligning with the MA50, and Target 2 is
$63.00, reflecting a conservative approach towards previous price action.
Monitor the ATR of 1.77 for potential volatility.
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