Nov. 13 at 2:45 AM
$PECO: The current market context shows a last close at
$34.8, with an RSI of 51.09 indicating neutral momentum. The price is above the 30-day moving average (MA30) of
$34.12 but below the 50-day moving average (MA50) of
$34.55, suggesting a potential resistance level. The recent 60-day high of
$36.56 and low of
$32.98 highlight a range that may influence price movement.
Directional bias leans slightly bullish due to the price being above MA30 and the neutral RSI, indicating potential for upward movement. Suggested entry is around
$35.00, just above the MA50 to confirm bullish sentiment. Set a stop loss at
$34.00 to manage risk.
Targets are set at
$36.00 (near the 60D high) and
$36.50, allowing for profit-taking as the price approaches resistance levels.
Overall, this trade plan aims to capitalize on the current price action while managing downside risk effectively.
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