Nov. 13 at 2:44 AM
$OGS Trade Plan:
Market Context: The last close was
$82.04, sitting above the 30-day moving average (MA30) of
$81.22 and significantly above the 50-day moving average (MA50) of
$79.35. The current RSI of 48.2 indicates a neutral momentum, suggesting neither overbought nor oversold conditions. The price is near the 60-day high of
$83.39, indicating potential resistance.
Directional Bias: The proximity to the 60D high suggests a cautious bullish bias, but the RSI indicates a lack of strong upward momentum. The price is currently above both MAs, which supports a bullish outlook.
Suggested Entry: Consider entering a long position at
$82.10 to capture potential upward movement.
Stop: Place a stop loss at
$80.50 to limit downside risk.
Targets: Set the first target at
$83.00, just below the 60D high, and a second target at
$84.00 for further upside potential.
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