Nov. 20 at 9:05 AM
$OS: The current market context shows a last close of
$21.68, with an RSI of 60.44 indicating bullish momentum but approaching overbought territory. The price is above both the 30-day MA (19.07) and the 50-day MA (19.15), suggesting a strong upward trend. The 60-day high of
$23.93 indicates potential resistance, while the low of
$16.51 provides a solid support level.
Directional bias is bullish due to the price action above key moving averages and the recent high, which may attract further buying interest.
Suggested entry:
$21.70, just above the last close to confirm upward momentum.
Stop loss:
$20.50, below recent support levels to limit risk.
Targets: First target at
$23.00, approaching the 60D high, and a second target at
$23.50, allowing for potential breakout gains.
This plan leverages current bullish indicators while managing risk effectively.
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