Nov. 13 at 1:46 AM
$WES: The stock closed at
$39.6, showing a strong position above both the 30-day moving average (MA30) of
$38.28 and the 50-day moving average (MA50) of
$38.37, indicating bullish momentum. The RSI at 60.8 suggests the stock is approaching overbought territory but still has room for upward movement. The recent 60-day high of
$39.95 presents a key resistance level, while the low of
$36.9 offers solid support.
Directional bias is bullish due to the price action above key moving averages and the RSI indicating strength.
Suggested entry:
$39.65 (slightly above last close to confirm momentum).
Stop loss:
$38.80 (below MA30 for protection).
Targets:
$40.50 (first target, just above the 60D high) and
$41.00 (second target, psychological resistance).
Monitor for any shifts in momentum or market conditions that may affect these levels.
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