Nov. 15 at 1:04 AM
$MSM is currently trading at
$89.66, showing a moderate RSI of 56.92, indicating that the asset is not overbought or oversold. The price is above the 30-day moving average (MA30) of 87.33 and the 50-day moving average (MA50) of 88.96, suggesting a bullish trend. The recent high of
$94.31 indicates potential resistance, while the low of
$83.10 suggests support.
Given this context, the directional bias is bullish. A suggested entry point is at
$90.00, slightly above the last close, to confirm upward momentum. Set a stop loss at
$88.50 to manage risk. For targets, consider
$92.00, which is below the 60D high, and a more aggressive target at
$94.00, approaching the recent high.
This plan leverages the current trend and market context while maintaining a disciplined risk management approach.
https://privateprofiteers.com
