Nov. 15 at 1:09 AM
$PRAX is currently trading at
$178.08, with an RSI of 51.98 indicating a neutral momentum. The stock is above its 30-day moving average (MA30) of 142.97 and its 50-day moving average (MA50) of 104.18, suggesting a bullish trend in the short to medium term. The recent high of
$206.71 within the last 60 days indicates potential resistance, while the low of
$37.19 provides a clear support level.
Given the current price position and the neutral RSI, a cautious bullish stance is warranted. Suggested entry is at
$180.00, with a stop loss set at
$170.00 to limit downside risk. Target 1 is set at
$200.00, aligning with the recent high, and Target 2 is set at
$206.00, just below the 60D high, to capture potential gains while managing risk.
Overall, the trade plan is to capitalize on upward momentum while being mindful of resistance levels.
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