Nov. 13 at 2:31 AM
$RRR: The last close at
$58.72 indicates a position above the 30-day moving average (MA30) of
$57.68 but below the 50-day moving average (MA50) of
$59.11, suggesting a mixed short-term outlook. The RSI at 45.11 reflects neutral momentum, indicating no immediate overbought or oversold conditions. The 60-day high of
$63.6 presents a potential resistance level, while the low of
$51.76 indicates significant support.
Directional bias leans slightly bullish given the proximity to MA30 and the potential for a rebound towards the 60-day high. Suggested entry at
$59.00, with a stop loss at
$57.00 to manage risk. Target 1 at
$61.00 (near the 60-day high) and Target 2 at
$62.50 for a more aggressive exit.
Monitor the ATR of 2.19 for volatility considerations. Adjust strategy as market conditions evolve.
https://privateprofiteers.com
