Nov. 22 at 3:50 AM
$PSMT is currently trading at
$118.58, showing a moderate RSI of 55.54, indicating a neutral to slightly bullish momentum. The price is below both the 30-day moving average (MA30) at
$119.49 and the 50-day moving average (MA50) at
$119.36, suggesting potential resistance above the current price. The 60-day high of
$125.48 and low of
$106.87 indicate a range-bound environment, with the current price closer to the midpoint.
Directional bias leans slightly bullish due to the RSI being above 50, but caution is warranted given the proximity to moving averages. Suggested entry is at
$119.00, just above the MA30. Set a stop loss at
$116.70 to manage risk, which is below the recent low. Target 1 is at
$122.00, near the 60D high, and Target 2 is at
$125.00, aiming for a breakout above the recent high.
This plan allows for potential upside while managing downside risk effectively.
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