Nov. 13 at 1:06 AM
$MAR: The current market context shows a last close of
$291.48, with the RSI at 69.08, indicating that the stock is nearing overbought territory. The stock is above its 30-day moving average (MA30) of 269.48 and 50-day moving average (MA50) of 267.6, suggesting a bullish trend. However, the RSI indicates caution as it approaches overbought levels. The 60-day high of
$294.18 is close to the last close, indicating potential resistance.
Directional bias is slightly bullish, but caution is warranted due to the high RSI. Suggested entry could be around
$290, with a stop loss at
$284 (below recent support). Target 1 can be set at
$295 (just below the 60D high), and Target 2 at
$300, allowing for potential upside while managing risk.
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