Nov. 13 at 2:44 AM
$OSIS is currently trading at
$286.96, with a strong RSI of 80.72 indicating overbought conditions. The 30-day moving average (MA30) is at
$257.83, while the 50-day moving average (MA50) is at
$249.05, suggesting a bullish trend in the short to medium term. However, the high of
$288.64 within the last 60 days indicates a resistance level that may be tested soon.
Given the overbought RSI, a pullback is likely. Suggested entry is around
$280, near the MA30, which may act as support. Set a stop loss at
$275 to manage risk. For targets, aim for
$290 (just below the 60D high) as the first target and
$295 as the second target, allowing for potential breakout momentum.
Monitor price action closely; if it fails to hold above
$280, reconsider the bullish stance.
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