JBL Weekly Options Trade Plan 2025-06-16

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JBL Weekly Analysis Summary (2025-06-16)

Comprehensive Summary of Key Points:

Technical Analysis:

Current Price: $180.85, approaching resistance at $180.91. Moving Averages: Price is above all short-term EMAs, indicating bullish momentum; however, overbought conditions are evident with the 5-min RSI at 73.83. Momentum Indicators: MACD shows divergence and has recently transitioned to bearish momentum (i.e., negative histogram). Bollinger Bands: Price is near upper bands on both daily and 5-min charts, indicating potential for a mean reversion. Support Levels: Key support levels are identified at $180.48 and $175.07. Market Sentiment: