Nov. 13 at 1:14 AM
$ALL is currently trading at
$207.03, showing a strong bullish sentiment with an RSI of 75.37, indicating it is potentially overbought. The price is above both the 30-day MA of 200.18 and the 50-day MA of 201.95, reinforcing a bullish trend. However, the high of
$215.7 within the last 60 days suggests a resistance level, while the low of
$188.08 provides a support range.
Given the current metrics, the directional bias leans towards a potential pullback or consolidation due to the high RSI. A suggested entry point could be around
$205.00, allowing for a more favorable risk-reward setup. A stop loss can be placed at
$201.00 to limit potential losses. For targets, consider
$215.00 as the first target, aligning with the 60D high, and
$220.00 as a second target should momentum continue.
Monitor for signs of reversal or continuation closely.
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