Nov. 15 at 12:40 AM
$STEP: The current market context shows a last close at
$63.09, with an RSI of 44.39, indicating a neutral to slightly bearish momentum. The price is near the 30-day moving average (MA30) of
$63.04, suggesting potential support at this level. However, the 50-day moving average (MA50) at
$63.4 indicates slight resistance above the current price. The 60-day high of
$68.4 and low of
$55.78 provide a range that suggests the stock is currently closer to the upper end, but not in a strong bullish trend.
Directional bias leans slightly bearish due to the RSI being below 50 and the price under the MA50. Suggested entry could be around
$62.80, slightly below the MA30 for a better risk-reward ratio. Set a stop-loss at
$61.50 to manage risk. Target 1 at
$65.00, aligning with the MA50, and Target 2 at
$67.00, approaching the 60D high.
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