Nov. 13 at 1:54 AM
$LAMR is currently trading at
$127.47, showing a strong upward momentum with an RSI of 64.55, indicating the stock is nearing overbought territory but still has room for further gains. The price is above both the 30-day moving average (MA30) of
$120.48 and the 50-day moving average (MA50) of
$122.45, reinforcing a bullish trend. The recent high of
$129.84 suggests a potential breakout point, while the low of
$114.45 provides a solid support level.
For a trade plan, consider entering at
$128.00, placing a stop loss at
$125.00 to manage risk. Target first at
$130.00, aligning with the 60D high, and a secondary target at
$132.00, anticipating continued bullish momentum. This strategy leverages the current market context and technical indicators effectively.
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