Nov. 14 at 4:13 AM
$VIRT is currently trading at
$35.59, showing a strong bullish sentiment as indicated by an RSI of 70.32, which suggests it is approaching overbought territory. The 30-day moving average (MA30) at
$34.04 and the 50-day moving average (MA50) at
$34.83 indicate a bullish trend, as the price is above both MAs. However, the RSI suggests caution due to potential overbought conditions.
Given the 60-day high of
$43.62 and low of
$31.89, the price is closer to the high end of this range. A suggested entry point could be around
$35.00, with a stop-loss set at
$34.00 to limit potential losses. Target 1 could be set at
$40.00, aligning with resistance levels, while Target 2 could be at
$43.00, nearing the 60-day high.
Overall, while the bullish trend is evident, the high RSI warrants careful monitoring for potential pullbacks.
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