Nov. 13 at 2:06 AM
$ACI is currently trading at
$17.82, below both the 30-day moving average (MA30) of
$18.09 and the 50-day moving average (MA50) of
$18.17, indicating bearish momentum. The RSI at 25.28 suggests that the stock is oversold, which could signal a potential reversal. However, the proximity to the 60-day low of
$16.7 raises caution regarding further downside risk.
Directional bias is bearish due to the stock trading below key moving averages, but the oversold RSI may provide a short-term bounce opportunity.
Suggested entry point:
$17.50, to capitalize on a potential rebound. Set a stop loss at
$16.60 to manage risk.
Targets:
1. First target at
$18.00, near the MA30, where selling pressure may re-emerge.
2. Second target at
$18.50, aiming for a more substantial recovery.
Monitor market conditions closely as volatility is indicated by an ATR of 0.45.
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