Nov. 13 at 1:23 AM
$WAB Trade Plan:
Market Context:
$WAB is currently trading at
$208.12, near its 60D high of
$210.65, indicating a bullish sentiment. However, the RSI at 75.71 suggests overbought conditions, which may lead to a pullback.
Directional Bias: The price is above both the 30-day MA (199.64) and the 50-day MA (196.68), confirming a bullish trend. However, the high RSI indicates potential for a correction, warranting caution.
Suggested Entry: Consider entering a short position if the price breaks below
$206.00, which may signal a reversal.
Stop: Set a stop loss at
$210.00 to limit potential losses.
Targets:
1. First target at
$200.00, aligning with the 30-day MA.
2. Second target at
$196.00, just above the 50-day MA.
Monitor the price action closely for confirmation of the reversal.
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