Nov. 13 at 2:52 AM
$POWL is currently trading at
$363.22, showing a bullish market context as it is above the 30-day moving average (MA30) of
$347.36 and the 50-day moving average (MA50) of
$323.75. The RSI of 57.78 indicates that the stock is not overbought, suggesting room for further upside. The recent high of
$413.0 within the last 60 days provides a potential target, while the low of
$235.5 sets a solid baseline for risk management.
Suggested entry point is at
$365.00, slightly above the last close to confirm upward momentum. A stop-loss can be placed at
$340.00 to manage downside risk. For targets, consider
$400.00 as the first target, aligning with the psychological level and the recent high, and
$413.00 as the second target, which is the 60-day high.
Overall, the analysis supports a bullish bias with a focus on upward movement.
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