Nov. 13 at 2:21 AM
$MTSR is currently trading at
$70.8, showing strong momentum as indicated by an RSI of 66.68, suggesting it's nearing overbought territory but still has room for upward movement. The price is significantly above the 30-day MA of 58.09 and the 50-day MA of 51.39, indicating a bullish trend. The recent high of
$83.86 presents a key resistance level, while the low of
$29.19 provides a solid support base.
For a trade plan, consider entering at
$71.50 to capitalize on potential upward momentum. Set a stop loss at
$66.00 to manage risk. Target 1 can be set at
$80.00, approaching the 60D high, and Target 2 at
$83.00, just below the recent high. This plan leverages the current bullish indicators while accounting for volatility with an ATR of 4.96.
Monitor the RSI closely for any signs of reversal as it approaches overbought levels.
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