Nov. 13 at 3:21 AM
$WDFC: The last close at
$200.37 indicates a neutral market context, with the RSI at 49.41 suggesting no immediate overbought or oversold conditions. The price is above the 30-day moving average (MA30) of
$195.54 but below the 50-day moving average (MA50) of
$200.79, indicating potential resistance at this level. The 60-day high of
$224.0 offers a significant upside potential, while the low of
$187.4 provides a solid support level.
Directional bias leans slightly bullish due to the proximity to MA30 and the potential for a breakout above MA50. Suggested entry at
$201.00, just above the MA50 to confirm bullish momentum. Set a stop loss at
$195.00 to limit downside risk. Target 1 at
$210.00, aligning with a psychological level and near-term resistance, and Target 2 at
$220.00, approaching the 60-day high.
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