Nov. 13 at 12:53 AM
$MA is currently trading at
$557.33, below its 30-day moving average (MA30) of
$563.7 and 50-day moving average (MA50) of
$570.68, indicating a bearish trend. The RSI at 35.4 suggests that the stock is nearing oversold territory, which may indicate a potential reversal or consolidation soon. The recent high of
$601.77 and low of
$540.36 over the last 60 days define a range that could provide support and resistance levels.
For a trade plan, consider a short-term bullish entry at
$560, slightly above the MA30, to capture a potential bounce. Set a stop loss at
$550 to manage risk. Target 1 can be set at
$570, aligning with the MA50, while Target 2 can be set at
$580, allowing for further upside if momentum builds.
This plan leverages the current market context and technical indicators to identify a strategic entry point while managing risk effectively.
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