Nov. 14 at 3:50 AM
$RGA Trade Plan:
Market Context: The last close at
$190.45 is near the 30-day and 50-day moving averages (both at
$190.31), indicating a potential area of support. The RSI at 51.56 suggests neutral momentum, with room for upward movement.
Directional Bias: Given the proximity to key moving averages and the RSI indicating a lack of overbought conditions, there is a slight bullish bias. The 60-day high of
$200.41 presents a target, while the low of
$178.21 provides a reference for risk management.
Suggested Entry: Consider entering a long position above
$190.50 to confirm momentum.
Stop: Set a stop loss at
$186.00, below recent support levels.
Targets: First target at
$195.00, near the psychological level. Second target at
$200.00, approaching the 60-day high.
Monitor price action closely for any changes in momentum or volatility.
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