Nov. 13 at 2:12 AM
$AHR is currently trading at
$49.17, with an RSI of 92.32, indicating it is overbought. The short-term moving averages (MA30 at 43.79 and MA50 at 43.24) suggest strong bullish momentum, but the high RSI signals potential for a pullback. The 60-day high is at
$50.51, creating a resistance level, while the low is at
$40.00, establishing a support range.
Directional bias is bearish in the short term due to the overbought RSI, despite the bullish trend indicated by the moving averages.
Suggested entry point is around
$48.50 to capture a potential pullback. Set a stop-loss at
$47.50 to manage risk. Target 1 is
$45.00, aligning with the MA30, and Target 2 is
$43.00, near the MA50, should further downside materialize.
Monitor for any changes in momentum or market sentiment that may impact these levels.
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