Nov. 13 at 3:22 AM
$INSW is currently trading at
$53.16, reflecting a strong upward momentum as indicated by the RSI of 72.26, suggesting overbought conditions. The 30-day moving average (MA30) at
$47.75 and the 50-day moving average (MA50) at
$47.60 show a bullish trend, with the price significantly above these averages. The recent high of
$54.38 indicates potential resistance, while the low of
$41.42 provides a solid support level.
Given the overbought RSI, a pullback may be imminent, presenting a cautious approach. Suggested entry could be around
$52.00, with a stop loss at
$50.50 to manage risk. Target 1 is set at
$54.00, near the recent high, and Target 2 at
$55.00, allowing for a potential breakout.
Overall, while there is bullish momentum, the high RSI suggests monitoring for potential corrections.
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