Nov. 13 at 3:17 AM
$NMIH: The current market context shows a last close at
$37.73, with the RSI at 55.14, indicating neutral momentum but leaning towards bullish as it is above 50. The 30-day moving average (MA30) at
$36.44 supports this bullish bias, as the price is above this average. However, the 50-day moving average (MA50) at
$37.6 suggests potential resistance near current levels. The 60-day high of
$40.49 presents a target, while the low of
$34.84 indicates solid support below.
Suggested entry is at
$38.00 to confirm upward momentum. A stop loss can be placed at
$36.50 to mitigate risk. Target 1 is set at
$40.00, near the 60D high, and Target 2 at
$41.00 for additional upside potential.
Overall, the analysis suggests a cautious bullish stance, leveraging the current price action and moving averages.
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