Nov. 13 at 3:05 AM
$OUT: The current market context shows a strong upward momentum as indicated by the last close of
$20.97, which is near the 60D high of
$21.41. The RSI at 72.93 suggests overbought conditions, indicating a potential pullback or consolidation. The MA30 at 18.02 and MA50 at 18.26 are significantly below the current price, reinforcing a bullish trend but also highlighting the risk of a correction.
Directional bias is cautiously bullish, given the proximity to the 60D high and the overbought RSI. Suggested entry is around
$20.50 to capture potential retracement. Set a stop loss at
$19.50 to manage risk.
Targets are set at
$21.00 (first target) and
$21.25 (second target), allowing for profit-taking while monitoring for potential reversal signals.
Stay vigilant for market shifts, as the high RSI could lead to volatility.
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