Nov. 14 at 4:34 AM
$PTGX is currently trading at
$83.24, showing a strong upward momentum as indicated by an RSI of 68.64, which suggests it is nearing overbought conditions. The price is well above both the 30-day moving average (MA30) of 76.28 and the 50-day moving average (MA50) of 70.57, reinforcing a bullish trend. However, caution is advised as the RSI indicates potential overextension.
Market context shows the 60-day high at
$93.25, providing a potential resistance level, while the 60-day low at
$54.5 offers a solid support base.
Suggested entry point is at
$82.50, slightly below the last close to allow for a better risk-reward ratio. Set a stop loss at
$80.00 to manage downside risk. Target 1 is set at
$90.00, approaching the 60-day high, while Target 2 is at
$93.00, just below the resistance level.
Monitor closely for any signs of reversal given the RSI level.
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