Nov. 13 at 1:47 AM
$MTZ is currently trading at
$197.73, with an RSI of 50.76 indicating neutral momentum. The price is below the 30-day moving average (MA30) of 206.68 and the 50-day moving average (MA50) of 201.89, suggesting a bearish bias in the short to medium term. The recent high of 224.03 and low of 167.66 over the past 60 days create a range that could be pivotal for future movements.
For a trade plan, consider a short position if the price breaks below the recent low of 167.66, with a suggested entry at
$167.00. Set a stop loss at
$172.00 to limit potential losses. Target 1 could be set at
$160.00, and Target 2 at
$155.00, aligning with the downside potential in the current market context.
Conversely, if the price breaks above the MA30 at
$206.68, consider a long position with an entry at
$207.00, stop at
$202.00, and targets at
$215.00 and
$220.00.
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