Nov. 13 at 1:03 AM
$MCK is currently trading at
$858.84, showing a strong upward trend with an RSI of 75.31, indicating overbought conditions. The price is above the 30-day moving average (MA30) of 796.54 and the 50-day moving average (MA50) of 764.26, suggesting bullish momentum. However, the high of
$867.63 within the last 60 days is close to the current price, which may limit further upside potential.
Directional bias is cautiously bullish, but the high RSI suggests a potential pullback.
Suggested entry:
$845 (to capture a slight retracement).
Stop loss:
$830 (to limit downside risk).
Targets:
$867 (60D High) and
$880 (psychological resistance).
Monitor for signs of reversal as price approaches the high.
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