Nov. 15 at 9:32 AM
$SWX is currently trading at
$81.3, showing a neutral RSI of 51.14, indicating no strong momentum in either direction. The price is above the 30-day MA of
$79.73 and the 50-day MA of
$79.23, suggesting a bullish short-term trend. However, the absence of a 200-day MA limits long-term trend analysis. The recent high of
$82.51 is just above the current price, providing a potential resistance level, while the low of
$76.17 establishes a support range.
For a trade plan, consider entering a long position at
$81.5, slightly above the last close to confirm upward momentum. Set a stop loss at
$79.5 to manage risk. Target 1 at
$82.5 aligns with the 60D high, and Target 2 at
$84 can be set for further upside potential if momentum builds. This plan leverages the current price action and technical indicators effectively.
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