Nov. 14 at 4:05 AM
$PLNT: The current market context shows a last close at
$107.11, with an RSI of 63.13 indicating that the stock is nearing overbought territory. The MA30 at
$96.64 and MA50 at
$98.89 suggest a bullish trend, as the price is well above these moving averages. However, the RSI indicates caution as it approaches overbought levels. The 60-day high of
$111.00 provides a resistance level, while the low of
$88.74 establishes a solid support range.
Directional bias leans bullish given the price's position relative to moving averages and the recent upward momentum. Suggested entry point is around
$106.50 to capitalize on potential upward movement. Set a stop loss at
$103.50 to manage risk. Target 1 is
$111.00 (60D High), and Target 2 is
$115.00, anticipating further bullish momentum if the price breaks the resistance.
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