Nov. 15 at 1:02 AM
$UBSI is currently trading at
$36.45, showing a neutral RSI of 50.33, indicating no strong momentum in either direction. The price is above the 30-day moving average (MA30) of
$36.23 but below the 50-day moving average (MA50) of
$36.71, suggesting a potential resistance level at the MA50. The recent high of
$39.11 and low of
$34.10 over the past 60 days establishes a range that could guide trading decisions.
Directional bias leans slightly bullish, as the price is above the MA30, but caution is warranted due to proximity to the MA50.
Suggested entry point is at
$36.55, just above the MA30. Set a stop loss at
$36.10 to manage risk. Target 1 is
$37.50, near the 60D high, while Target 2 is
$38.00, allowing for further upside potential.
This plan capitalizes on the current price structure while managing risks effectively.
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