Nov. 13 at 1:01 AM
$IBKR: The current market context shows a last close of
$71.01, indicating a strong upward movement recently. The RSI at 67.49 suggests that the stock is nearing overbought territory, which could lead to a pullback. The MA30 at 69.51 and MA50 at 67.33 indicate a bullish trend, as the price is above both moving averages. However, the proximity to the 60D high of
$73.35 may limit upside potential.
Directional bias is cautiously bullish, given the strong support from the moving averages, but the high RSI indicates a possible correction.
Suggested entry is at
$70.50 to capitalize on a potential dip. Set a stop at
$68.50 to manage risk. Target 1 is
$73.00, near the 60D high, and Target 2 is
$75.00, allowing for further upside if momentum continues.
Monitor closely for any signs of reversal due to the high RSI.
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