Nov. 13 at 1:55 AM
$SOLV is currently trading at
$73.9, showing a stable position with an RSI of 53.53, indicating neutral momentum. The price is above the 30-day MA of 71.37 and the 50-day MA of 71.98, suggesting a bullish trend in the short to medium term. The recent high of
$75.6 is within reach, providing a potential target for upward movement.
Market context shows that the price is closer to the recent high than the low of
$66.11, reinforcing a bullish bias. Given the ATR of 1.85, there is moderate volatility, allowing for reasonable price movement.
Suggested trade plan:
- Entry:
$74.00 (slightly above the last close)
- Stop:
$71.50 (below the 30-day MA for safety)
- Target 1:
$75.00 (near the 60D high)
- Target 2:
$76.00 (further upside potential)
Monitor the RSI for any divergence and adjust the stop accordingly. Maintain awareness of market conditions.
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