Nov. 13 at 3:07 AM
$MHO is currently trading at
$131.09, with an RSI of 48.69 indicating a neutral momentum. The price is below both the 30-day moving average (MA30) of
$133.25 and the 50-day moving average (MA50) of
$139.94, suggesting bearish sentiment in the short to medium term. The recent 60-day high of
$158.92 and low of
$122.63 establishes a range that could influence price action.
Given the current metrics, the directional bias leans bearish due to the price being below key moving averages. A suggested entry point would be around
$130.50, with a stop-loss set at
$134.00 to limit potential losses.
Targets could be set at
$126.00, near the 60D low, and
$122.00, which aligns with potential support levels. Monitor the ATR of 3.92 for volatility considerations.
Overall, the plan is to capitalize on a potential decline while managing risk effectively.
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