Nov. 14 at 4:17 AM
$NUVL is currently trading at
$94.68, sitting above its 30-day moving average (MA30) of
$92.51 and significantly above its 50-day moving average (MA50) of
$87.72, indicating a bullish trend. The RSI at 51.7 suggests that the stock is neither overbought nor oversold, allowing for potential upward movement. The recent 60-day high of
$104.9 provides a key resistance level, while the low of
$71.68 indicates a solid support range.
Directional bias leans bullish given the price's position relative to the MAs and the RSI's neutral stance. Suggested entry is at
$95.00, with a stop loss set at
$89.50 to manage risk. Target 1 is
$102.00, near the 60-day high, and Target 2 is
$105.00 for potential breakout gains.
This trade plan leverages current market conditions and technical indicators to capitalize on upward momentum.
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