Nov. 13 at 1:09 AM
$SPG: The current market context shows a close at
$185.26, with an RSI of 59.81 indicating bullish momentum but approaching overbought territory. The price is above the 30-day moving average (MA30) of
$179.28 and the 50-day moving average (MA50) of
$180.54, suggesting a positive trend. The 60-day high of
$188.43 is within reach, while the low of
$172.09 provides a solid support level.
Directional bias is bullish due to the price being above key moving averages and the RSI indicating strength. Suggested entry is at
$185.50 to capitalize on upward momentum. Set a stop loss at
$182.00 to manage risk. Target 1 is
$188.00, aligning with the recent high, and Target 2 is
$190.00, providing a further upside potential.
Monitor for any reversal signals as the price approaches targets.
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