Nov. 14 at 3:09 AM
$MET: The last close at
$79.47 indicates a position near the 30-day moving average (MA30) of
$79.5, suggesting a neutral market context. The RSI at 53.41 indicates that the stock is neither overbought nor oversold, supporting a balanced directional bias. The proximity to the 60-day high of
$83.64 suggests potential upward momentum, while the low of
$74.41 provides a clear support level.
Suggested entry:
$79.50, slightly above the MA30 for confirmation. Stop loss:
$78.00, below recent support to manage risk.
Targets:
1. First target at
$81.00, aligning with a psychological resistance level.
2. Second target at
$82.50, just below the 60-day high, allowing for potential profit-taking before reaching the high.
This plan leverages current metrics to capitalize on potential upward movement while managing risk effectively.
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