Nov. 13 at 1:08 AM
$PNC
Market Context: The stock closed at
$185.26, with an RSI of 61.7 indicating bullish momentum but nearing overbought territory. The 30-day moving average (MA30) is slightly below the current price, suggesting short-term support, while the 50-day moving average (MA50) is significantly higher at
$192.94, indicating a potential resistance level.
Directional Bias: The price is currently within the 60-day high-low range of
$176.88 to
$208.8, showing bullish potential. However, the proximity to the MA50 and the RSI suggests caution as the stock may face resistance above
$186.
Suggested Entry: Consider entering at
$185.50 to capitalize on potential upward movement.
Stop: Set a stop loss at
$182.00 to limit downside risk.
Targets: Aim for a first target at
$190.00, with a secondary target at
$195.00, aligning with the MA50 resistance.
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