NUT Breaking High RSI70+NUT Breaking High RSI70+
NUT has recently shown extreme volatility with wide candlestick ranges, pushing the stock price above 6.30 THB. This strong move suggests heightened speculative activity and momentum-driven buying.
Key observations:
Momentum Breakout: Price has surged significantly from lower levels, breaking through key resistance zones.
RSI (14): The RSI is approaching overbought territory (70+). This indicates strong buying pressure, but also signals the risk of short-term exhaustion.
Volume Spike: Trading volume is very high compared to historical averages, showing strong market participation in the breakout.
Long