Nov. 14 at 4:14 AM
$MTSR is currently trading at
$70.5, showing strong momentum as indicated by an RSI of 66.63, suggesting it is nearing overbought territory but still has room for further gains. The price is above both the 30-day MA (59.34) and the 50-day MA (52.78), indicating a bullish trend. The recent 60-day high of
$83.86 provides a significant resistance level, while the 60-day low of
$30.81 establishes a strong support base.
Given the current context, the directional bias is bullish. Suggested entry point is at
$71.00, with a stop loss set at
$65.00 to manage risk. Target 1 is set at
$80.00, aiming for a significant resistance level, while Target 2 is set at
$83.00, just below the recent high.
This trade plan leverages the current bullish momentum and MA support levels while managing risk effectively.
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