Nov. 13 at 2:18 AM
$LNC is currently trading at
$41.22, showing a strong upward momentum with an RSI of 64.95, indicating it is approaching overbought territory. The price is above both the 30-day MA of
$40.06 and the 50-day MA of
$40.49, suggesting a bullish trend. The recent 60-day high of
$43.66 provides a key resistance level, while the low of
$37.99 offers support.
Given this context, the directional bias is bullish. A suggested entry point is around
$41.00, just below the last close, to capture potential upward movement. A stop loss can be set at
$39.50, below the 30-day MA, to manage risk.
Targets for this trade could be set at
$43.00 (near the 60D high) and
$44.00 as a more aggressive target, taking advantage of the bullish trend.
Overall, the trade plan focuses on leveraging the current momentum while managing risk effectively.
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