Nov. 21 at 3:53 AM
$GKOS is currently trading at
$95.2, above its 30-day moving average (MA30) of
$84.84 and 50-day moving average (MA50) of
$84.38, indicating a bullish trend. The RSI of 61.62 suggests that the stock is not overbought, providing room for further upward movement. The recent price is also closer to the 60-day high of
$102.8, suggesting potential resistance at that level.
Directional bias is bullish due to the price being above key moving averages and a healthy RSI. Suggested entry point is at
$95.5, slightly above the last close to confirm upward momentum. Set a stop loss at
$91.88, just below the recent support level indicated by the 60-day low of
$73.16.
Target 1 is set at
$100, approaching the recent high, while Target 2 is at
$102.8, aligning with the 60-day high. This plan capitalizes on the current bullish sentiment while managing risk effectively.
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