Nov. 13 at 3:07 AM
$XMTR: The stock closed at
$65.59, showing strong momentum with an RSI of 81.2, indicating overbought conditions. The price is significantly above the 30-day (MA30=52.65) and 50-day (MA50=52.45) moving averages, suggesting a bullish trend. However, the high of
$69.26 within the last 60 days indicates potential resistance, while the low of
$43.5 provides a solid support reference.
Directional bias is bullish, but caution is warranted due to the high RSI, which may signal a potential pullback.
Suggested entry:
$64.50 (slightly below current close to confirm support).
Stop loss:
$62.00 (to limit downside risk).
Targets: First target at
$68.00 (near recent high) and second target at
$70.00 (psychological level).
Monitor price action closely for signs of reversal as the stock approaches resistance levels.
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