Nov. 14 at 3:03 AM
$PWR: The current market context shows a last close at
$426.93, with an RSI of 42.49 indicating a neutral to slightly bearish momentum. The price is below the 30-day moving average (MA30) of
$437.68, suggesting downward pressure, while the 50-day moving average (MA50) of
$419.86 provides a potential support level. The recent 60-day high of
$469.43 and low of
$363.01 indicate a trading range that could be leveraged for potential gains.
Directional bias is slightly bearish due to the RSI being below 50 and the price under MA30. Suggested entry for a short position could be around
$425, with a stop loss set at
$440 to manage risk. Target 1 could be set at
$410, aligning with the MA50, and Target 2 could be at
$400, near the psychological level and just above the 60D low.
Monitor for any changes in momentum or market sentiment that could affect this trade. https://privateprofiteers.com
