Nov. 14 at 3:09 AM
$VEEV presents a mixed market context. The last close at
$291.7 is below the 30-day moving average (MA30) of
$292.6, indicating potential bearish pressure. The relative strength index (RSI) at 48.46 suggests the asset is neither overbought nor oversold, indicating indecision in the market.
Directional bias leans slightly bearish due to the price being below MA30 and closer to the 60-day low of
$262.85 than the high of
$310.5. The 50-day moving average (MA50) at
$288.43 also supports this bearish stance.
Suggested entry point is
$290, just below the MA30. Set a stop-loss at
$284, slightly above the MA50 to limit downside risk. Target 1 is
$300, approaching the MA30, and Target 2 is
$310, near the 60-day high.
This plan incorporates current metrics to navigate potential price movements effectively.
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