Nov. 13 at 2:55 AM
$PAGP is currently trading at
$17.64, showing a neutral market context with an RSI of 54.33, indicating no immediate overbought or oversold conditions. The price is above the 30-day moving average (MA30) of
$17.47, suggesting short-term bullish momentum. However, it is below the 50-day moving average (MA50) of
$17.91, indicating potential resistance.
Given the 60-day high of
$19.32 and low of
$16.68, the price is closer to the higher end of this range, which may limit upside potential in the short term.
Suggested trade plan:
- Entry:
$17.70 (slightly above the last close to confirm momentum)
- Stop:
$17.30 (below the MA30 for risk management)
- Target 1:
$18.50 (near the midpoint of the 60D range)
- Target 2:
$19.00 (approaching the 60D high)
This plan leverages current momentum while managing risk effectively.
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