Nov. 15 at 12:59 AM
$SLM is currently trading at
$28.29, positioned within a range defined by a 60D high of
$32.07 and a low of
$25.13, indicating potential for volatility. The RSI at 55.61 suggests a neutral to slightly bullish sentiment, as it is not yet overbought. The price is above both the 30-day MA of
$26.87 and the 50-day MA of
$27.51, which supports a bullish bias.
Trade Plan:
- Suggested Entry:
$28.50, above the last close to confirm upward momentum.
- Stop:
$27.80, below the 50-day MA to minimize risk.
- Target 1:
$30.00, a psychological level and near-term resistance.
- Target 2:
$31.00, approaching the 60D high.
This plan leverages the current market context, RSI, and moving averages to capitalize on potential upward movement.
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