Nov. 14 at 11:29 PM
$COR is currently trading at
$361.94, exhibiting strong bullish momentum with an RSI of 76.53, indicating overbought conditions. The price is significantly above the 30-day moving average (MA30) of
$335.62 and the 50-day moving average (MA50) of
$321.34, suggesting a strong upward trend. The recent 60-day high of
$369.00 is a critical resistance level, while the low of
$285.76 indicates a solid support base.
Given the overbought RSI, a pullback is likely. Suggested entry is around
$355.00, providing a safer entry point. Set a stop loss at
$350.00 to manage risk. For targets, consider
$369.00 (60D High) as the primary target, and
$375.00 as a secondary target, should momentum continue.
Monitor the ATR of 8.96 for volatility, as it indicates potential price fluctuations. Maintain a cautious approach due to current overbought conditions.
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