Nov. 13 at 2:16 AM
$SITM is currently trading at
$306.66, above its 30-day moving average (MA30) of
$292.57 and 50-day moving average (MA50) of
$285.68, indicating a bullish trend. The RSI of 63.58 suggests that the stock is approaching overbought territory, which may lead to a pullback but does not necessarily indicate an immediate reversal. The recent high of
$386.0 within the last 60 days provides a potential resistance level, while the low of
$204.6 establishes a strong support base.
For a trade plan, consider entering at
$306.00, with a stop loss set at
$290.00 to manage risk. Target 1 can be set at
$350.00, aligning with a reasonable retracement, while Target 2 can be positioned at
$375.00, near the recent high.
Overall, the bullish bias is supported by the price action above key moving averages, but caution is warranted due to the RSI nearing overbought levels.
https://privateprofiteers.com
