Nov. 14 at 3:57 AM
$RNA trade plan:
Market context shows
$RNA closing at
$70.84, near its 60D high of
$70.98, indicating strong upward momentum. The RSI at 98.01 suggests it is overbought, which may lead to a price correction. The MA30 at 58.54 and MA50 at 52.46 are significantly lower than the current price, indicating a potential divergence and a lack of support at these moving averages.
Directional bias is bearish in the short term due to the overbought RSI and proximity to the 60D high.
Suggested entry: Consider entering a short position around
$70.50.
Stop: Place a stop loss at
$71.50 to mitigate risk.
Targets: First target at
$65.00, aligning with potential support levels, and a second target at
$60.00, near the MA30.
Monitor for any changes in momentum or market sentiment that could affect this plan.
https://privateprofiteers.com
