Nov. 14 at 4:16 AM
$CADE is currently trading at
$38.37, with an RSI of 64.87 indicating it is approaching overbought territory. The 30-day moving average (MA30) at
$37.76 and the 50-day moving average (MA50) at
$37.61 suggest a bullish trend, as the price is above both MAs. The recent 60-day high of
$40.23 presents a key resistance level, while the 60-day low of
$34.81 provides a solid support base.
Given the current market context, the directional bias is bullish, but caution is warranted due to the elevated RSI. A suggested entry point could be around
$38.00, with a stop loss set at
$37.50 to manage risk. Target 1 could be set at
$40.00, just below the 60D high, and Target 2 at
$41.00, allowing for potential further upside.
This plan leverages the current trend while acknowledging overbought conditions.
https://privateprofiteers.com
