Nov. 13 at 2:57 AM
$VIAV is currently trading at
$17.91, with a high RSI of 82.96 indicating overbought conditions. The 30-day moving average (MA30) is at 14.43, and the 50-day moving average (MA50) is at 13.51, both suggesting a strong upward trend. However, the RSI indicates potential for a pullback, as it is significantly above the neutral level of 50.
Given the recent 60-day high of 18.46, the stock may face resistance near this level. A suggested entry point could be around
$17.50 to capture potential downside movement. Set a stop loss at
$17.00 to manage risk.
For targets, consider
$18.00 as the first target, aligning with resistance, and
$18.25 as a second target if momentum continues. Monitor the ATR of 0.83 for volatility considerations.
Overall, the directional bias is cautious bullish, with an emphasis on managing risk due to overbought conditions.
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