Nov. 15 at 1:19 AM
$SKT is currently trading at
$33.82, showing a neutral RSI of 54.45, indicating no immediate overbought or oversold conditions. The price is above the 30-day moving average (MA30) of
$33.20 and slightly below the 50-day moving average (MA50) of
$33.46, suggesting a potential upward bias as the price is gaining momentum. The recent 60-day high of
$34.86 presents a resistance level, while the 60-day low of
$31.63 offers support.
For a trade plan, consider entering a long position at
$34.00, slightly above the current price to confirm upward momentum. Set a stop loss at
$33.00 to limit potential losses. Target 1 can be set at
$34.50, just below the recent high, while Target 2 can be set at
$35.00 for a more aggressive approach.
This plan leverages the current market context and technical indicators to capitalize on potential upward movement.
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