Nov. 13 at 2:41 AM
$WK is currently trading at
$93.31, above its 30-day moving average (MA30) of
$87.5 and 50-day moving average (MA50) of
$84.77, indicating a bullish trend. The RSI of 61.22 suggests that the stock is approaching overbought territory but is not yet overextended, allowing for potential upward movement. The recent 60-day high of
$97.1 provides a resistance level, while the low of
$75.07 indicates a strong support base.
For a trade plan, consider entering at
$93.50, with a stop loss set at
$90.00 to manage risk. Target 1 can be set at
$96.00, just below the 60-day high, and Target 2 at
$98.00, allowing for a potential breakout. This strategy leverages the current bullish momentum while respecting the established support and resistance levels.
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