Dec. 6 at 2:25 AM
$PR: Current market context shows a strong upward momentum with the last close at
$14.85. The RSI at 81.05 indicates overbought conditions, suggesting a potential pullback. However, the price is above both the 30-day MA (13.42) and 50-day MA (13.11), indicating a bullish trend. The 60-day high is
$14.94, which serves as a key resistance level.
Actionable Trade Alert:
- Suggested Entry:
$14.85
- Stop Loss:
$14.30 (below recent support)
- Take Profit Targets:
1.
$15.25 (2.7% gain)
2.
$15.75 (6.0% gain)
3.
$17.40 (17.0% gain)
Directional bias remains bullish, but caution is advised due to the high RSI. Monitor for potential pullbacks to adjust entry if necessary. Maintain the stop loss to protect against downside risks.
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