Nov. 13 at 3:23 AM
$ABM: The current market context shows a recent close at
$42.41, which is near the 60D low of
$41.56, indicating potential support. The RSI is at 28.16, suggesting the stock is oversold and may be due for a rebound. However, with the MA30 at
$44.6 and MA50 at
$45.19, there is resistance above the current price.
Directional bias leans bullish due to the oversold RSI, but caution is warranted due to proximity to historical lows and resistance levels.
Suggested entry is at
$42.50, just above the recent close. Set a stop loss at
$41.30 to limit potential losses.
Targets can be set at
$44.00 (near MA30) and
$45.00 (near MA50) for potential gains.
Monitor price action closely, as a break below
$41.30 may indicate further downside.
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