Nov. 14 at 4:14 AM
$HLNE: The last close at
$131.15 indicates a strong position, but the RSI of 69.06 suggests it is approaching overbought territory, indicating potential for a pullback. The MA30 at
$122.12 is significantly below the current price, indicating bullish momentum, while the MA50 at
$131.02 is very close to the last close, suggesting a critical support level. The 60D high of
$157.01 and low of
$111.98 create a range that highlights potential volatility.
Directional bias is cautiously bullish, but the high RSI warns of a possible correction. Suggested entry is around
$128.00 to capitalize on potential dips. Set a stop at
$125.00 to manage risk. For targets, aim for
$135.00 as the first target, and
$145.00 as the second target, considering the recent high. Monitor closely for any signs of reversal given the RSI levels.
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