Nov. 14 at 3:49 AM
$WCC is currently trading at
$258.01, positioned near the 60D high of
$268.27, indicating potential resistance. The RSI at 68.53 suggests the stock is nearing overbought territory, which may lead to a pullback. The MA30 at
$233.18 and MA50 at
$225.29 provide support levels, indicating a bullish trend in the short to medium term.
Given the current context, a cautious approach is warranted. Suggested entry could be around
$255.00, just below the last close, to capitalize on potential upward movement while managing risk. A stop loss should be placed at
$245.00 to limit losses if the market turns against the position.
Targets can be set at
$265.00 and
$270.00, aligning with the 60D high and providing a favorable risk-reward ratio. Monitor RSI for signs of reversal and adjust strategy accordingly.
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