Nov. 13 at 2:08 AM
$WBS: The current market context shows a last close at
$57.2, with an RSI of 60.66 indicating bullish momentum but approaching overbought territory. The 30-day moving average (MA30) is at
$57.27, suggesting a slight upward trend, while the 50-day moving average (MA50) at
$58.76 indicates potential resistance above the current price. The 60-day high of
$63.59 and low of
$52.69 provides a range that suggests room for movement.
Directional bias leans bullish due to the RSI and proximity to MA30, but caution is warranted given the MA50 resistance. Suggested entry is at
$57.50, with a stop loss at
$56.00 to manage risk. Target 1 is set at
$60.00, just below the MA50, and Target 2 at
$62.00, approaching the 60D high.
This plan balances potential upside with defined risk management.
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