Nov. 15 at 12:43 AM
$FCFS: The stock closed at
$160.01, showing strong momentum but is approaching overbought territory with an RSI of 67.46. The 30-day moving average (MA30) is at
$156.86, indicating a bullish trend, while the 50-day moving average (MA50) at
$153.91 further supports this upward movement. The recent high of
$166.08 suggests resistance, while the low of
$138.34 provides a solid support level.
Directional bias is bullish due to the price being above both MAs and the recent high. Suggested entry is around
$160.50, slightly above the last close to confirm upward momentum. Set a stop loss at
$156.00 to manage risk. Target 1 is
$165.00, near the 60D high, and Target 2 is
$168.00, allowing for potential breakout gains.
Monitor RSI for signs of reversal as it approaches overbought levels.
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