Dec. 15 at 8:03 AM
$RELY: Current market context shows a strong upward momentum, with the last close at
$14.65. The RSI at 73.53 indicates that the stock is overbought, suggesting a potential pullback. However, the price is above both the 30-day MA of
$13.55 and the 50-day MA of
$14.52, indicating bullish sentiment. The 60-day high of
$17.55 provides a key resistance level.
Actionable Trade Alert:
- Suggested Entry:
$14.70 (slightly above the last close to confirm momentum)
- Stop Loss:
$14.00 (to limit downside risk)
- Take Profit Targets:
1.
$15.50 (approx. 5.8% ROI)
2.
$16.20 (approx. 18.8% ROI)
3.
$17.00 (approx. 16.5% ROI)
Directional bias remains bullish, but monitor RSI for signs of reversal. Adjust positions as necessary based on market movements.
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