Nov. 13 at 2:15 AM
$CFLT: The last close at
$24.45 positions the stock near its 60D high of
$25.35, indicating potential resistance. The RSI at 65.56 suggests the stock is nearing overbought territory, which may limit upside potential in the short term. The MA30 at
$22.57 and MA50 at
$21.42 indicate a bullish trend, as the price is above these moving averages, supporting a positive directional bias.
Suggested entry could be around
$24.00, allowing for a slight pullback. A stop loss should be set at
$23.00 to manage risk. For targets, consider
$25.00, just below the 60D high, and a more aggressive target at
$25.35, the 60D high itself, should momentum continue.
Overall, while the stock shows bullish indicators, caution is advised due to the proximity to resistance and elevated RSI levels.
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