Nov. 14 at 3:21 AM
$MTB is currently trading at
$186.38, showing a neutral RSI of 52.68, indicating no strong momentum in either direction. The price is above the 30-day moving average (MA30) of
$184.51, suggesting a short-term bullish sentiment, but below the 50-day moving average (MA50) of
$190.13, indicating potential resistance ahead. The recent high of
$203.96 and low of
$174.76 over the last 60 days creates a range that can guide trading decisions.
For a trade plan, consider entering a long position at
$187.00, just above the recent close, to capitalize on potential upward momentum. Set a stop-loss at
$183.50 to manage risk. Target the first profit at
$192.00, near the MA50, and a second target at
$198.00, which is below the 60D high, allowing for a reasonable profit-taking strategy.
Monitor the price action closely, as a break above
$190.13 could strengthen the bullish case.
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