Nov. 13 at 1:54 AM
$QXO: The last close at
$19.01 indicates a position above the 30-day moving average (MA30) of
$18.56 but below the 50-day moving average (MA50) of
$19.32, suggesting mixed market sentiment. The RSI at 55.34 indicates neutral momentum, not overbought or oversold, allowing for potential upward movement. The recent high of
$22.35 provides a resistance level, while the low of
$15.50 establishes a support range.
Directional bias is slightly bullish due to the current price being above the MA30 and the RSI indicating room for growth. Suggested entry is at
$19.05 to capture potential upward momentum. Set a stop loss at
$18.50 to limit downside risk. Target 1 is at
$20.50, just below the MA50, and Target 2 is at
$21.50, approaching the 60D high.
This plan leverages current price action and technical indicators effectively.
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