Nov. 15 at 9:00 AM
$SPXC Trade Plan:
Market Context: The last close at
$211.43 indicates a bullish sentiment as it is above the 30-day moving average (MA30) of
$200.03 and the 50-day moving average (MA50) of
$194.74. The RSI at 60.18 suggests that the stock is neither overbought nor oversold, indicating potential for further upside.
Directional Bias: Given the current price is above both MAs and the RSI is approaching the upper limit, there is a bullish bias. The recent high of
$233.71 provides a resistance level, while the low of
$179.62 suggests a solid support base.
Suggested Entry: Consider entering a long position at
$212.00.
Stop: Set a stop loss at
$200.00 to manage risk.
Targets: First target at
$225.00, aligning with previous resistance. Second target at
$230.00, just below the 60D high.
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