Nov. 13 at 1:59 AM
$PAA: The stock is currently trading at
$16.72, above the 30-day moving average (MA30) of
$16.5, indicating bullish momentum. The relative strength index (RSI) at 55.33 suggests that the stock is neither overbought nor oversold, allowing for potential upward movement. The 50-day moving average (MA50) is at
$16.83, which serves as a resistance level. The recent high of
$18.02 provides an upper target, while the low of
$15.69 offers a support level.
Trade Plan:
- Directional Bias: Bullish, given the current price above MA30 and the neutral RSI.
- Suggested Entry:
$16.75 (slightly above last close to confirm upward momentum).
- Stop:
$16.50 (below the MA30 for protection).
- Targets:
$17.50 (first target) and
$18.00 (second target, aligning with the 60D high).
Monitor price action closely for any changes in market sentiment. https://privateprofiteers.com