Nov. 14 at 4:57 AM
$OTTR: The stock closed at
$85.01, showing strength but is currently in overbought territory with an RSI of 76.13. The 30-day moving average (MA30) at
$79.45 and the 50-day moving average (MA50) at
$80.77 indicate a bullish trend, but the high RSI suggests a potential pullback. The recent 60-day high of
$86.22 provides a resistance level, while the low of
$74.15 offers support.
Directional bias leans bearish in the short term due to the high RSI, indicating a possible correction. Suggested entry could be around
$84.00 to capture a potential pullback. A stop loss should be placed at
$82.50 to manage risk. Target 1 can be set at
$86.00 (near the 60D high), and Target 2 at
$87.00 if momentum resumes.
Monitor the RSI and price action closely for any signs of reversal.
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