Nov. 14 at 2:54 AM
$SPGI: The market context shows a recent close at
$502.96, indicating a position above the 30-day moving average (MA30) of
$487.17 and close to the 50-day moving average (MA50) of
$498.55. The RSI at 56.98 suggests a neutral to slightly bullish sentiment, indicating potential for upward momentum but not overbought conditions. The price is currently within the 60-day high-low range of
$470.0 to
$559.44, providing room for growth.
Directional bias is bullish due to the price being above both MAs and the RSI indicating strength. Suggested entry point is at
$505, slightly above the last close to confirm upward momentum. Set a stop loss at
$491, below the MA30 for protection. Target 1 is
$520, aligning with psychological resistance, and Target 2 is
$540, near the 60D high.
This plan leverages current market metrics to capitalize on potential upward movement.
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