Nov. 14 at 11:46 PM
$MTD is currently trading at
$1403.08, with an RSI of 45.66 indicating a neutral momentum. The price is above the 30-day moving average (MA30) of 1381.99 and significantly above the 50-day moving average (MA50) of 1334.24, suggesting a bullish trend in the short to medium term. However, the RSI indicates that it is not yet overbought, allowing for potential upward movement.
Given the 60-day high of 1471.07 and low of 1187.8, the price is closer to the high, which may limit immediate upside potential. A suggested entry point is around
$1400, with a stop loss set at
$1370 to manage risk. Target 1 can be set at
$1440, near the recent resistance level, and Target 2 at
$1460, approaching the 60-day high.
Overall, the trade plan leans bullish, capitalizing on the current price position relative to moving averages and the high-low range.
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