Nov. 13 at 2:12 AM
$WAL is currently trading at
$79.95, slightly above its 30-day moving average (MA30) of
$79.24, indicating a potential bullish sentiment. The relative strength index (RSI) of 54.91 suggests that the stock is neither overbought nor oversold, allowing for possible upward movement. The 50-day moving average (MA50) at
$83.19 presents a resistance level, while the 60-day high of
$93.29 serves as a target for bullish trades.
Market context shows a stable price range between the 60-day high of
$93.29 and the low of
$68.61, providing a clear trading range.
Suggested entry is at
$80.50, with a stop loss at
$78.50 to manage risk. Target 1 is set at
$83.00, aligning with the MA50, and Target 2 at
$90.00, approaching the 60-day high.
This plan leverages the current price positioning and technical indicators for a calculated bullish approach.
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