$LAB
Since the momentum is super strong but the indicators (RSI and Bollinger Bands) are showing overbought conditions, the expected movement splits into two scenarios:
First scenario (most likely to happen): a cooldown followed by continued upward movement.
We might see a slight pullback or sideways action (temporary profit-taking) to cool down the inflated indicators.
Nearby support zones: If the price dips, the $9.00 to $9.15 range is considered the first support zone, followed by the mid-Bollinger Band (MB) at $7.81 (strong support in the longer term).
After this cooldown, the price is expected to target breaking the previous peak at $9.64 and heading towards the $10.00 level as a strong psychological barrier.
#lap