Overbought — Price to fall drastically
LUNR experienced a strong decline today, signaling a potential reversal after its recent overbought conditions. The stock’s Relative Strength Index (RSI) had been elevated above 70, suggesting that it was trading at unsustainable levels. This steep drop indicates that investor sentiment has shifted, with sellers overwhelming buyers.
The sharp decline also raises concerns about whether recent gains were driven by speculative momentum rather than fundamental strength. Trading volume today suggests a clear lack of support, further highlighting the vulnerability of LUNR’s price at current levels.
The sharp decline also raises concerns about whether recent gains were driven by speculative momentum rather than fundamental strength. Trading volume today suggests a clear lack of support, further highlighting the vulnerability of LUNR’s price at current levels.
LUNR is set to have a further decline today and finish around $10.5 today.
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Liao91 : lmao