Nov. 15 at 12:03 AM
$ULS: The last close at
$86.64 indicates a strong position above the 30-day MA of
$79.68 and the 50-day MA of
$75.13, suggesting bullish momentum. The RSI at 65.69, while indicating potential overbought conditions, still allows for further upside before a correction may occur. The recent 60-day high of
$91.95 provides a key resistance level, while the low of
$61.64 establishes a solid support range.
Directional bias is bullish due to the price's position relative to moving averages and the high-low range. Suggested entry is at
$87.00, with a stop loss set at
$83.50 to manage risk. Target 1 is
$91.00, approaching the 60-day high, and Target 2 is
$93.50, providing a further upside potential.
This plan leverages current momentum while being mindful of risk management.
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