Nov. 14 at 4:43 AM
$QTWO is currently trading at
$71.72, showing a strong bullish momentum with an RSI of 73.77, indicating overbought conditions. The price is above both the 30-day MA of 64.18 and the 50-day MA of 69.76, suggesting a bullish trend. However, the high of
$85.19 over the last 60 days indicates potential resistance, while the low of
$58.57 provides a support level.
Given the overbought RSI, a pullback may occur, presenting a potential entry opportunity. Suggested entry point is around
$70.00, with a stop loss at
$68.00 to manage risk. Target 1 can be set at
$80.00, near the 60D high, and Target 2 at
$85.00, allowing for profit-taking if the upward momentum continues.
Monitor the price action closely for any signs of reversal or continuation.
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