Nov. 13 at 2:40 AM
$PTGX is currently trading at
$85.56, exhibiting a strong bullish trend indicated by an RSI of 78.02, suggesting overbought conditions. The price is above both the 30-day MA of 74.97 and the 50-day MA of 69.56, reinforcing the bullish momentum. However, the elevated RSI indicates potential for a pullback.
Given the 60-day high of
$93.25, there is room for upward movement, but caution is warranted due to the risk of a correction. A suggested entry point could be around
$84.00, anticipating a small retracement. A stop-loss can be placed at
$81.50 to manage risk.
Targets are set at
$90.00 and
$93.00, aligning with the recent high and providing a favorable risk-reward ratio. Monitor the RSI for signs of divergence as the trade progresses.
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