Nov. 14 at 5:11 AM
$FOLD is currently trading at
$9.38, near its 60D high of
$9.64, indicating a bullish sentiment but also a potential resistance level. The RSI at 69.61 suggests that the stock is approaching overbought territory, which may lead to a pullback. The MA30 at
$8.64 and MA50 at
$8.42 provide support levels that reinforce a bullish trend, as the price is above both moving averages.
Given the current market context, the directional bias leans slightly bullish, but caution is warranted due to the high RSI. Suggested entry is at
$9.20, allowing for a slight pullback. Set a stop loss at
$8.90 to manage risk effectively. For profit targets, aim for
$9.60 (near the 60D high) and
$10.00 as a secondary target, which aligns with psychological resistance levels.
Monitor price action closely, especially around the resistance level.
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