Nov. 14 at 4:49 AM
$NWE is currently trading at
$65.21, showing a strong bullish sentiment as indicated by an RSI of 61.35, which suggests momentum is building but is not yet overbought. The price is above both the 30-day moving average (MA30) of
$60.98 and the 50-day moving average (MA50) of
$59.38, reinforcing a bullish trend. The recent high of
$67.46 indicates potential resistance, while the low of
$55.50 provides a solid support level.
Suggested entry is at
$65.50 to capitalize on upward momentum. A stop loss should be placed at
$64.00 to manage risk. Target 1 is set at
$67.00, approaching the 60D high, while Target 2 is at
$68.00, allowing for further upside potential.
Overall, the analysis suggests a bullish bias with a focus on upward price movement in the near term.
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