vf_investment

MSI overbought but still strong

BATS:MSI   Motorola Solutions, Inc.
hi Traders

How are you?

MSI has been bullish since June 2022. Now, we can observe the highest level of Motorola ever since. As RSI indicates, an overbought conditions, which may be a sign that the pullback is around the corner.
As the price is making new ATH and the trend is very bullish overall and there's no any bearish divergences yet, we are not going to try being a hero and try to catch the top therefore we recommend to play the trend continuation and enter the long after getting the pullback/correction.

Buy the horizontal support around 298 $

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