Nov. 14 at 3:50 AM
$RVMD is currently experiencing strong bullish momentum, closing at
$64.38 with an RSI of 82.1, indicating it is overbought. The price is above the 30-day moving average (MA30) of 55.0 and the 50-day moving average (MA50) of 50.64, reinforcing a bullish trend. The recent high of
$66.11 suggests resistance, while the low of
$35.42 indicates significant support.
Given the overbought condition, a pullback may occur. Suggested entry is around
$63.00 to capitalize on a potential retracement. Set a stop loss at
$61.50 to manage risk. For targets, aim for
$66.00, aligning with the 60D high, and consider a secondary target at
$68.00 if momentum continues.
Monitor the RSI for signs of reversal and adjust the strategy accordingly.
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