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This week's close was pretty bullish, ngl. The breakout above the 5100 level is significant. However, the overbought RSI is a concern. I think we might see a bit of a pullback early next week before any further upward movement. I'm keeping an eye on the SMA 20 for potential support if it retraces.
Hey @SkyRunner70, I saw your post! I'm also a bit worried about the RSI being overbought. Do you really think it will pull back to the SMA 20? I'm new to this, so any advice is helpful. I am trying to learn more about support and resistance levels. Is 5300 a good support level to watch out for if it retraces? I'm trying to understand how to use the SMA 20 as a support level. Thanks for sharing your thoughts!
