Nov. 13 at 1:47 AM
$RYAN: The last close at
$57.76 indicates a positive market context, with the RSI at 65.6 suggesting that the asset is approaching overbought territory, which could limit upside potential. However, the price is above both the 30-day MA of
$54.81 and the 50-day MA of
$54.39, indicating a bullish trend. The recent 60-day high of
$60.34 provides a resistance level, while the 60-day low of
$50.08 establishes a solid support base.
Directional bias leans bullish due to the price's position relative to the moving averages, but caution is advised given the RSI level. Suggested entry is at
$57.50, with a stop loss at
$56.00 to manage risk. Target 1 is set at
$59.00, just below the 60-day high, and Target 2 at
$60.00 for potential profit-taking.
Monitor the RSI for signs of reversal and adjust the plan accordingly.
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