Nov. 13 at 2:40 AM
$SR: The current market context shows a last close of
$90.76, slightly below the 60D high of
$91.1, indicating a potential resistance level. The RSI at 64.96 suggests that the stock is nearing overbought territory, which may limit upside potential in the short term. However, the price is above both the MA30 (85.99) and MA50 (82.42), indicating a bullish trend.
Directional bias is moderately bullish due to the price action above key moving averages, but caution is warranted given the RSI level.
Suggested entry:
$90.50, just below the current price to confirm buying interest.
Stop loss:
$88.50, below the MA30 to limit downside risk.
Target 1:
$91.00, aligning with the 60D high.
Target 2:
$92.00, extending beyond the recent high for additional profit potential.
Monitor the ATR of 1.92 for volatility considerations.
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