Nov. 13 at 2:41 AM
$VSAT: The stock closed at
$38.11, indicating a bullish sentiment as it is above both the 30-day moving average (MA30) of
$36.02 and the 50-day moving average (MA50) of
$33.65. The RSI of 62.06 suggests that the stock is nearing overbought territory, but it still has room for upward movement. The recent price action is within a 60-day high of
$43.59 and a low of
$25.5, indicating a strong bullish trend as it approaches the upper range.
Directional bias: Bullish, supported by the current price above key moving averages and proximity to the recent high.
Suggested entry:
$38.50, above the last close to confirm upward momentum.
Stop loss:
$36.00, below the MA30 to limit potential losses.
Targets:
$41.00 (near the 60D high) and
$43.00 (psychological resistance level).
This trade plan leverages the current bullish indicators while managing risk effectively.
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