Nov. 13 at 2:33 AM
$KRYS: The market context indicates a strong upward trend, with the last close at
$203.0, which is near the 60D high of
$212.98. The RSI at 71.92 suggests that the stock is overbought, indicating a potential pullback or consolidation. The MA30 at
$190.28 and MA50 at
$176.67 show that the stock is trading well above its short-term moving averages, reinforcing the bullish trend but also highlighting the risk of a correction.
Directional bias is cautiously bullish, but the overbought RSI signals a need for caution. Suggested entry could be around
$200.00, with a stop loss set at
$195.00 to manage risk. Target 1 is set at
$210.00, just below the 60D high, while Target 2 is at
$215.00, allowing for potential breakout gains.
Monitor the RSI for signs of reversal, and adjust targets accordingly.
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