Nov. 13 at 1:14 AM
$ROST is currently trading at
$162.42, exhibiting a strong upward momentum as indicated by an RSI of 70.3, suggesting it is overbought. The price is above both the 30-day moving average (MA30) of
$156.81 and the 50-day moving average (MA50) of
$153.7, reinforcing a bullish trend. However, the proximity to the 60-day high of
$165.07 indicates potential resistance ahead.
Market context suggests caution due to the overbought RSI, which may lead to a pullback. A suggested entry point would be at
$160.00, allowing for a better risk-reward ratio. Set a stop loss at
$158.00 to manage risk.
Targets can be set at
$165.00 (first target) to capitalize on the recent high and
$168.00 (second target) for extended gains if momentum continues.
Monitor closely for signs of reversal as price approaches these targets.
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