Nov. 13 at 2:30 AM
$RITM is currently trading at
$11.14, showing a bullish market context with an RSI of 61.47, indicating potential upward momentum but approaching overbought territory. The price is above the 30-day moving average (MA30) of
$10.94, suggesting a short-term bullish trend, while the 50-day moving average (MA50) at
$11.42 indicates resistance. The recent 60-day high of
$12.74 provides a target, while the low of
$10.62 offers a support level.
Directional bias is bullish, as the price is above both the MA30 and MA50, and the RSI supports continued upward movement.
Suggested entry:
$11.20 (slightly above the last close to confirm momentum).
Stop loss:
$10.90 (below the MA30 for protection).
Targets:
$12.00 (first target, near psychological resistance) and
$12.50 (second target, near the 60D high).
Monitor for volatility with an ATR of 0.2.
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