Nov. 14 at 4:07 AM
$ADC is currently trading at
$73.7, showing a bearish sentiment as indicated by the RSI of 39.62, which is below the neutral level of 50. The price is above the 30-day moving average (MA30) of
$73.18 and the 50-day moving average (MA50) of
$72.62, suggesting short-term strength; however, the RSI indicates potential weakness. The recent high of
$76.79 and low of
$69.76 over the past 60 days provides a range that could be pivotal for price action.
Trade Plan:
- Directional Bias: Bearish, given the RSI and proximity to the 60D low.
- Suggested Entry:
$73.50, slightly below the last close to confirm downward momentum.
- Stop Loss:
$74.50, above recent highs to limit risk.
- Target 1:
$71.00, near the MA50.
- Target 2:
$69.80, just above the 60D low.
Monitor price action closely for any shifts in momentum. https://privateprofiteers.com
