Nov. 13 at 2:00 AM
$PR is currently trading at
$13.55, showing a strong upward momentum with an RSI of 64.87, indicating it is nearing overbought territory. The 30-day moving average (MA30) at
$12.58 and the 50-day moving average (MA50) at
$13.00 suggest a bullish trend as the price is above both averages. The recent 60-day high of
$14.52 provides a key resistance level, while the low of
$11.92 offers support.
Given the current market context, the directional bias is bullish, but caution is warranted due to the elevated RSI. Suggested entry is at
$13.60, slightly above the last close to confirm upward momentum. A stop loss should be set at
$13.00 to manage risk. Target 1 is set at
$14.00, just below the 60D high, and Target 2 is at
$14.50, aiming for a breakout above recent resistance.
This trade plan allows for potential gains while managing downside risk effectively.
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