Nov. 13 at 1:35 AM
$LH is currently trading at
$267.35, with an RSI of 40.15 indicating it is approaching oversold territory, suggesting potential for upward movement. The price is below both the 30-day MA of 271.07 and the 50-day MA of 273.81, indicating a bearish short-term trend. However, the proximity to the 60-day low of 244.52 suggests a strong support level, while the 60-day high of 293.72 presents a significant resistance point.
Given this context, a potential trade plan is as follows:
Suggested Entry:
$268.50, slightly above the last close to confirm upward momentum.
Stop Loss:
$262.00, below the recent support level.
Target 1:
$275.00, near the 30-day MA.
Target 2:
$280.00, a psychological level before reaching the 50-day MA.
This plan capitalizes on potential recovery while managing risk effectively.
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