Nov. 14 at 4:08 AM
$LEVI: The last close at
$21.66 indicates a position above the 30-day moving average (MA30) of
$21.48, suggesting a bullish trend. The RSI at 58.41 reflects momentum that is neither overbought nor oversold, allowing for potential upward movement. However, the price is below the 50-day moving average (MA50) of
$22.00, indicating resistance in the short term.
Market context shows a 60-day high of
$24.82 and a low of
$19.32, establishing a range that suggests potential for a bounce back towards the high.
Suggested entry:
$21.70, just above the last close to confirm upward momentum. Stop loss:
$21.00 to limit downside risk.
Targets: First target at
$22.50, aligning with the MA50, and a second target at
$24.00, approaching the 60-day high.
Monitor RSI and MA for signs of reversal or continuation.
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