Nov. 14 at 5:13 AM
$IDYA: The current market context shows a last close at
$31.82, with an RSI of 62.45 indicating bullish momentum but approaching overbought territory. The 30-day moving average (MA30) at
$29.55 and the 50-day moving average (MA50) at
$28.01 suggest a strong upward trend, as the price is significantly above these averages. The 60-day high of
$33.64 presents a potential resistance level, while the 60-day low of
$23.23 indicates a solid support base.
Directional bias is bullish due to the price being above both MAs and the RSI indicating strength, although caution is warranted as the RSI approaches overbought levels.
Suggested entry:
$32.00, with a stop loss at
$30.50 to manage risk. Target 1:
$33.00 (near the 60D high), Target 2:
$34.00 (psychological resistance). Monitor for potential reversal signals if the price approaches the high.
https://privateprofiteers.com