Nov. 13 at 3:17 AM
$LBRT is currently trading at
$17.34, showing a strong upward momentum given its RSI of 64.91, indicating it's nearing overbought territory but not yet there. The 30-day moving average (MA30) at
$15.23 and the 50-day moving average (MA50) at
$13.66 suggest a bullish trend, as the price is well above these averages. The recent 60-day high of
$19.2 indicates potential resistance, while the 60-day low of
$9.9 shows a solid support level.
Given this context, the directional bias is bullish. A suggested entry point would be around
$17.00 to capitalize on momentum. A stop-loss can be set at
$16.50 to manage risk. For profit targets, consider
$18.50 (first target) and
$19.00 (second target), aligning with the recent high.
This plan leverages the current momentum and technical indicators effectively.
https://privateprofiteers.com
