Nov. 13 at 2:11 AM
$GAP: The stock closed at
$24.02, showing strong momentum as the RSI at 65.16 indicates it is approaching overbought territory. However, the price is above both the 30-day MA (22.21) and the 50-day MA (22.52), suggesting bullish sentiment. The recent 60-day high of
$24.59 provides resistance, while the 60-day low of
$19.60 establishes a solid support level.
Directional bias is bullish due to the price being above key moving averages and the recent upward trend. Suggested entry is at
$24.05 to capture momentum. Set a stop loss at
$23.50 to manage risk. For targets, aim for
$24.50 (near the 60D high) as the first target, and
$25.00 as the second target, considering psychological resistance.
Monitor RSI for potential overbought signals and adjust accordingly.
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