Nov. 14 at 3:40 AM
$OKLO is currently trading at
$101.64, with an RSI of 33.32 indicating it is in oversold territory, suggesting potential for a reversal. The price is significantly below the 30-day moving average (MA30) of 134.44 and the 50-day moving average (MA50) of 122.55, indicating a bearish trend. The recent 60-day high of 193.84 and low of 64.73 shows a wide range, which could provide volatility opportunities.
Directional bias leans towards a potential short-term rebound due to the oversold RSI, but caution is warranted given the overall bearish trend indicated by the MAs.
Suggested trade plan:
- Entry:
$102.50 (slightly above the last close to confirm upward momentum)
- Stop:
$95.00 (below recent support levels)
- Target 1:
$115.00 (near the MA50)
- Target 2:
$125.00 (a psychological resistance level)
Monitor for price action around the entry point for confirmation.
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