Nov. 14 at 11:58 PM
$RL is currently trading at
$331.48, with an RSI of 45.86 indicating a neutral momentum, suggesting no immediate overbought or oversold conditions. The price is above the 30-day moving average (MA30) of
$325.88 and the 50-day moving average (MA50) of
$320.63, indicating a bullish trend in the short to medium term. However, the price is still below the 60-day high of
$342.99, which may act as a resistance level.
For a trade plan, consider entering a long position at
$332.00, slightly above the last close to confirm upward momentum. Set a stop loss at
$320.00 to manage risk, below the MA50. Target 1 can be set at
$340.00, near the 60D high, and Target 2 at
$345.00, allowing for potential breakout gains.
Overall, the market context suggests a cautious bullish bias, supported by the price's position relative to key moving averages and the high-low range.
https://privateprofiteers.com
