Nov. 13 at 1:07 AM
$USB is currently trading at
$47.69, above the 30-day moving average (MA30) of
$47.07 but below the 50-day moving average (MA50) of
$47.92, indicating a mixed short-term trend. The RSI at 54.12 suggests that the asset is neither overbought nor oversold, providing room for upward movement. The recent high of
$50.52 and low of
$45.23 establishes a range that can be leveraged for potential trades.
Directional bias leans slightly bullish, given the price's position relative to MA30 and the RSI's neutrality.
Suggested entry is at
$48.00, just above the current price to confirm upward momentum. Set a stop loss at
$46.50 to manage risk.
Targets are set at
$49.50 (near the 60D high) and
$50.00, aiming for a conservative profit while monitoring market conditions.
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