Nov. 13 at 2:23 AM
$OMF Trade Plan:
Market Context: The last close at
$59.81 indicates a bullish sentiment, with the stock currently trading above its 30-day moving average (MA30) of
$56.75 and its 50-day moving average (MA50) of
$58.22. The RSI at 63.67 suggests the stock is approaching overbought territory, indicating potential caution for aggressive buying.
Directional Bias: The stock is in an upward trend, supported by the proximity to the 60-day high of
$63.25. However, the RSI indicates that a pullback could occur if it exceeds overbought levels.
Suggested Entry: Consider entering a long position at
$59.50, slightly below the last close to confirm bullish momentum.
Stop: Set a stop-loss at
$57.50 to limit potential losses, below the MA30.
Targets: Aim for a first target at
$62.00, approaching the 60-day high, and a second target at
$63.00, just below the 60-day high.
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