Nov. 14 at 4:09 AM
$HALO is currently trading at
$71.19, showing a strong bullish momentum with an RSI of 78.51, indicating overbought conditions. The price is above both the 30-day MA of 66.88 and the 50-day MA of 70.37, reinforcing a bullish trend. The recent 60-day high of 79.5 suggests potential resistance, while the 60-day low of 63.78 provides a solid support level.
Given the current metrics, the directional bias is bullish, but caution is warranted due to the high RSI. A suggested entry point could be around
$70.50, just below the current price, to capture any pullback. A stop-loss should be placed at
$68.00 to limit potential losses.
For targets, consider
$78.00 as the first target, approaching the 60-day high, and
$80.00 as a second target if momentum continues.
Monitor the RSI for any signs of reversal as the trade progresses.
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