Nov. 13 at 3:18 AM
$SXI: The last close at
$234.03 indicates a position above the 30-day moving average (MA30) of
$230.74 and the 50-day moving average (MA50) of
$220.75, suggesting bullish momentum. The RSI at 50.44 indicates a neutral position, but it is trending upward, which may signal potential strength. The recent 60-day high of
$247.16 provides a resistance level, while the low of
$197.00 offers a strong support base.
Directional bias leans bullish due to the price being above key moving averages. Suggested entry is at
$235.00, slightly above the last close to confirm momentum. Set a stop loss at
$225.00 to limit potential losses. Target 1 is at
$240.00, aligning with a psychological level, and Target 2 is at
$247.00, near the 60-day high.
This plan takes into account current price action and technical indicators, positioning for a potential upward move while managing risk effectively.
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