Nov. 14 at 5:13 AM
$VSCO: The last close at
$34.95 indicates a positive market context, supported by an RSI of 56.24, which suggests the stock is neither overbought nor oversold, maintaining a neutral to slightly bullish bias. The price is above the 30-day moving average (MA30) of
$32.64 and the 50-day moving average (MA50) of
$30.24, indicating a strong upward trend. The 60-day high of
$39.01 provides a potential resistance level, while the 60-day low of
$21.23 establishes a solid support range.
Suggested entry is at
$35.10, slightly above the last close to confirm upward momentum. Set a stop loss at
$33.50 to manage risk. Target 1 is
$37.00, just below the 60D high, and Target 2 is
$38.50, allowing for a more aggressive profit-taking strategy.
Overall, the trade plan is to capitalize on the current upward trend while managing risk effectively.
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