Nov. 13 at 1:48 AM
$WPC is currently trading at
$67.91, with an RSI of 51.71 indicating neutral momentum. The price is above the 30-day moving average (MA30) of
$67.32 and the 50-day moving average (MA50) of
$67.48, suggesting a slight bullish bias. The recent 60-day high is
$69.79, providing a potential resistance level, while the low of
$64.68 indicates solid support.
Given the current market context, a suggested entry point would be around
$68.00, slightly above the recent close to capture upward momentum. A stop-loss can be set at
$66.50, just below the MA30, to manage risk.
For targets, consider
$69.00, near the 60D high, and a more ambitious target of
$70.00, which is a psychological level and aligns with bullish sentiment.
This trade plan leverages current technical indicators while maintaining a risk-managed approach.
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