Nov. 20 at 9:49 AM
$UNF is currently trading at
$161.2, showing a moderately bullish sentiment with an RSI of 56.38, indicating potential upward momentum. The price is above the 30-day moving average (MA30) of
$159.43 but below the 50-day moving average (MA50) of
$163.53, suggesting a mixed short-term trend. The 60-day high of
$181.37 and low of
$147.66 indicates a range that could guide price movements.
Trade Plan:
- Directional Bias: Bullish, as the price is above MA30 and RSI is above 50, indicating strength.
- Suggested Entry:
$162.00, to capture upward movement.
- Stop:
$157.50, to limit potential losses below the recent support level.
- Target 1:
$168.00, near the MA50, where resistance may occur.
- Target 2:
$175.00, aiming for a level closer to the 60-day high.
Monitor the ATR of 4.77 to assess volatility and adjust stop-loss accordingly.
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