Nov. 14 at 3:15 AM
$PRU trade plan:
Market context shows
$PRU closing at
$107.85, with a strong RSI of 80.0 indicating overbought conditions. The 30-day moving average (MA30) is at
$103.35, and the 50-day moving average (MA50) is at
$103.68, both suggesting underlying support levels. The recent 60-day high of
$110.99 presents a potential resistance level, while the low of
$99.01 indicates a solid range for price movement.
Directional bias is bearish due to the high RSI, suggesting a possible pullback. Suggested entry point is around
$107.50, just below the last close. Set a stop loss at
$109.00 to limit potential losses. Target 1 at
$105.00 aligns with the MA30 support, and Target 2 at
$102.00 aligns with the MA50 support, providing a safe exit strategy.
Monitor price action closely as the market approaches these levels.
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