Nov. 13 at 1:25 AM
$LEN: The current market context shows a last close of
$125.1, with an RSI of 43.93 indicating a neutral to slightly bearish momentum. The price is above the 30-day moving average (MA30) of 124.07 but below the 50-day moving average (MA50) of 127.31, suggesting potential resistance ahead. The 60-day high of 144.24 and low of 117.1 establish a range that indicates volatility, with the current price closer to the lower end.
Directional bias leans bearish due to the RSI being below 50 and the proximity to the MA30. Suggested entry is at
$124.50, just below the MA30, to capitalize on a potential downward movement. Set a stop loss at
$127.00, above the MA50, to limit risk. Target 1 is
$120.00, aligning with potential support, and Target 2 is
$117.50, near the 60D low.
Monitor price action closely for any changes in momentum.
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