Nov. 13 at 2:43 AM
$YOU is currently trading at
$37.25, showing a strong bullish momentum but with an RSI of 71.8, indicating it is in overbought territory. The recent 60-day high is
$39.0, which presents a potential resistance level, while the low is
$29.43, highlighting a significant range. The 30-day moving average (MA30) at
$31.86 and the 50-day moving average (MA50) at
$33.73 suggest a bullish trend, as the price is well above both MAs.
Given the current market context, the directional bias is bullish, but caution is warranted due to the high RSI. Suggested entry could be around
$36.50 to capitalize on any pullback. Set a stop loss at
$35.00 to manage risk. Target 1 can be set at
$39.00 (60D high), and Target 2 at
$40.00, allowing for potential further gains if momentum continues.
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