Nov. 14 at 11:49 PM
$CBOE: The current market context shows a strong bullish momentum with the last close at
$258.35, above both the 30-day moving average (MA30) of
$244.49 and the 50-day moving average (MA50) of
$242.01. The RSI at 77.25 indicates that the stock is in overbought territory, suggesting a potential pullback could occur. The 60-day high of
$262.98 presents a resistance level, while the 60-day low of
$230.15 provides a support range.
Directional bias is bullish, but caution is warranted due to the high RSI. Suggested entry could be around
$256.00 to capitalize on potential upward movement. Set a stop loss at
$253.00 to manage risk. Target 1 is
$262.00, aligning with the recent high, and Target 2 is
$265.00, providing an additional upside potential. Monitor for any signs of reversal given the overbought conditions.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
