Nov. 13 at 1:08 AM
$COR is currently trading at
$364.86 with a strong RSI of 83.33, indicating that it is overbought. The 30-day moving average (MA30) is at
$330.02, and the 50-day moving average (MA50) is at
$317.13, suggesting a bullish trend in the short to medium term. However, the high of
$366.17 within the last 60 days is very close to the current price, which may limit further upside potential.
Given the overbought condition indicated by the RSI and proximity to the recent high, a cautious approach is warranted.
Suggested trade plan:
- Entry: Consider shorting at
$364.86 or a slight pullback to
$362.00.
- Stop: Place a stop at
$368.00 to limit potential losses.
- Targets: First target at
$350.00 (near the MA30), second target at
$340.00 (a psychological level and below MA30).
Monitor price action closely for any signs of reversal.
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