NEAR is up 16.8%, pushing the 7-day high at 4.30.
Volume is solid at $316M and the RSI is a strong 67, but we're running right into resistance. This is where longs get tested.
My read is that the first test of a major level often fails. We're watching for a rejection here before a real attempt to break out. A clean daily close above 4.30 would prove that wrong.
Are you selling the first touch of 4.30 or betting it blows straight through?
$NEAR #NEAR
We post through the day, every day. Follow if this is useful.
Volume is solid at $316M and the RSI is a strong 67, but we're running right into resistance. This is where longs get tested.
My read is that the first test of a major level often fails. We're watching for a rejection here before a real attempt to break out. A clean daily close above 4.30 would prove that wrong.
Are you selling the first touch of 4.30 or betting it blows straight through?
$NEAR #NEAR
We post through the day, every day. Follow if this is useful.
