Nov. 13 at 1:39 AM
$KEY: The current market context shows a last close at
$18.15, indicating a bullish sentiment as it is above the 30-day moving average (MA30) of
$17.76 but below the 50-day moving average (MA50) of
$18.23. The RSI at 66.35 suggests that the stock is approaching overbought territory, which could indicate a potential pullback. The 60-day high of
$19.5 presents a resistance level, while the low of
$16.47 indicates strong support.
Directional bias leans slightly bullish due to the price being above MA30, but caution is warranted due to the RSI nearing overbought levels. Suggested entry could be around
$18.00 to capitalize on potential upward movement. Set a stop-loss at
$17.50 to manage risk. Target 1 is
$19.00, near the 60D high, and Target 2 is
$19.50, which is the 60D high.
Monitor for any signs of reversal or increased volatility given the ATR of 0.35.
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