Nov. 13 at 1:29 AM
$CRDO is currently trading at
$158.74, above its 30-day moving average (MA30) of
$153.63 and 50-day moving average (MA50) of
$153.6, indicating a bullish trend. The RSI at 58.76 suggests that the stock is neither overbought nor oversold, providing room for upward movement. The recent 60-day high of
$193.5 presents a potential target, while the 60-day low of
$100.06 indicates strong support.
Directional bias is bullish due to the price being above key moving averages and the RSI showing strength without being overextended.
Suggested entry is at
$160.00, with a stop loss set at
$148.70 to manage risk. Target 1 is
$180.00, aligning with a strong resistance level, and Target 2 is
$193.50, the recent 60-day high.
This plan leverages current momentum while maintaining risk management.
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