Nov. 13 at 2:47 AM
$SKY is currently trading at
$84.03, close to its 60-day high of
$84.63, indicating a strong resistance level. The RSI at 62.13 suggests the asset is approaching overbought territory but is not yet in extreme conditions, allowing for potential upward movement. The MA30 at
$72.73 and MA50 at
$73.88 indicate a bullish trend, as the price is significantly above these moving averages.
Given the current context, the directional bias is bullish, supported by the proximity to the 60D high and the positive trend indicated by the moving averages.
Suggested entry is at
$84.05, slightly above the last close to confirm momentum. Set a stop loss at
$80.24, below the recent support level derived from the 60D low of
$63.69.
Target 1 is
$86.00, just above the 60D high, while Target 2 is
$88.00, allowing for further upside potential.
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