Nov. 13 at 2:38 AM
$WFRD is currently trading at
$76.22, showing a strong bullish momentum. The RSI at 73.83 indicates overbought conditions, suggesting potential price correction or consolidation. The price is near the 60D high of
$76.94, which may act as a resistance level. The MA30 at
$68.52 and MA50 at
$66.96 indicate a strong upward trend, providing support levels if a pullback occurs.
Directional bias is cautiously bullish, but the high RSI suggests monitoring for potential reversal signals. Suggested entry could be around
$75.50, providing a buffer against immediate volatility. Set a stop loss at
$73.50 to manage risk. Target 1 can be set at the 60D high of
$76.94, while Target 2 can be positioned at
$78.00, anticipating further upward movement if momentum continues.
Overall, maintain vigilance due to the high RSI and proximity to resistance.
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