$RE is up 35.7% on $59M volume, printing a new 7-day high at 0.555.
Price is well above both the EMA20 (0.486) and EMA50 (0.448), with RSI at 81. This is a strong move, but it's pushing into overbought territory on daily.
The desk's read: this is starting to look like a chase. Volume is there, but the wick on the 0.555 high suggests some profit-taking already. A close below 0.540 would confirm the fade.
Is this move sustainable, or is 0.555 the top of the range?
$RE
Price is well above both the EMA20 (0.486) and EMA50 (0.448), with RSI at 81. This is a strong move, but it's pushing into overbought territory on daily.
The desk's read: this is starting to look like a chase. Volume is there, but the wick on the 0.555 high suggests some profit-taking already. A close below 0.540 would confirm the fade.
Is this move sustainable, or is 0.555 the top of the range?
$RE