Dec. 11 at 11:33 PM
$PR: The current market context shows a strong upward momentum with the last close at
$14.84 and an RSI of 72.4, indicating overbought conditions. However, the price is above the 30-day MA of
$13.81 and the 50-day MA of
$13.28, suggesting a bullish trend. The 60-day high of
$15.2 presents a resistance level, while the low of
$11.92 indicates a solid support base.
Directional bias remains bullish, but caution is warranted due to the high RSI. Suggested entry is at
$14.84, with a stop loss set at
$14.00 to limit potential losses.
Take Profit targets:
1.
$15.00 (1.07% gain)
2.
$15.10 (1.75% gain)
3.
$17.35 (17.00% gain)
Target 3 offers a significant ROI, capitalizing on potential market movements. Monitor the price action closely and adjust your strategy as necessary.
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