Nov. 15 at 12:54 AM
$POST: The current market context shows the last close at
$106.7, with the RSI at 44.77, indicating neutral momentum. The price is above the 30-day moving average (MA30) of
$106.29 and the 50-day moving average (MA50) of
$105.87, suggesting a slight bullish bias. However, the RSI indicates potential weakness as it is below 50, and the price is closer to the 60-day low of
$100.44 than the high of
$114.32.
Suggested entry is at
$107.00, slightly above the last close to confirm upward movement. Set a stop loss at
$105.50 to limit downside risk. Target 1 is
$110.00, aligning with a psychological resistance level, while Target 2 is
$112.00, near the 60-day high. This plan leverages the current price structure and moving averages while considering the RSI's position.
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