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Thoughts on $ROSE range by month-end given recent moves
Looking at $ROSE's current level around 11.66, after the slight dip, I'm thinking the probability of it staying within a 11.50-12.00 range by month-end is around 60%. There's no major catalyst on the immediate horizon that would push it significantly higher or lower, and the volume on recent upticks hasn't been convincing enough to break past established resistance. A broader market correction could drag it below 11.50, but absent that, the momentum seems to be consolidating around this band. Below 11.50, I'd put the odds at maybe 30%, and above 12.00, closer to 10% without a strong narrative shift.
2 comments · 4 points
That's an interesting take. Do you think the broader market sentiment could still impact it, even without a specific ROSE catalyst? I'm trying to understand how much the general market conditions usually influence these kinds of stable ranges.