Nov. 13 at 3:18 AM
$WU is currently trading at
$8.91, above its 30-day moving average (MA30) of
$8.56 and its 50-day moving average (MA50) of
$8.46, indicating bullish momentum. The RSI at 62.83 suggests that the stock is nearing overbought territory but still has room for upward movement. The recent high of
$9.78 and low of
$7.85 over the past 60 days establishes a range that supports potential upward movement.
For a trade plan, consider entering a long position at
$9.00, slightly above the current close to confirm bullish momentum. Set a stop loss at
$8.50 to manage risk, allowing for some volatility given the ATR of
$0.42. Target 1 can be set at
$9.50, which is a reasonable resistance level, and Target 2 can be set at
$9.75, approaching the 60D high.
This plan leverages the current bullish indicators while maintaining a disciplined risk management approach.
https://privateprofiteers.com
