Nov. 20 at 8:47 AM
$ZWS is currently trading at
$46.08, with an RSI of 46.99 indicating a neutral momentum. The price is above the 30-day and 50-day moving averages (both at
$46.82), suggesting a potential bullish sentiment if it can break above these levels. The recent 60-day high of
$50.03 presents a significant resistance point, while the low of
$44.4 indicates a support level.
Given the current metrics, the directional bias leans slightly bullish, contingent on the price breaking above the MA levels.
Suggested trade plan:
- Entry:
$46.85 (above the MAs)
- Stop:
$45.80 (below recent support)
- Target 1:
$48.00 (near-term resistance)
- Target 2:
$49.50 (mid-range target)
Monitor the ATR of 1.35 for volatility considerations. A break below
$45.80 may warrant reevaluation of the bullish outlook.
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