Nov. 14 at 11:48 PM
$ALAB: The current market context shows a last close at
$144.34, indicating a significant decline from the 60-day high of
$262.9. The RSI at 37.97 suggests that the stock is in oversold territory, which may indicate a potential reversal or bounce. However, the MA30 at
$175.48 and MA50 at
$193.5 are both above the current price, indicating a bearish trend in the medium term.
Directional bias leans towards a cautious bullish outlook due to the oversold RSI, but the stock remains below key moving averages. Suggested entry point is around
$140, slightly above the 60D low of
$136.64 to confirm support. Set a stop loss at
$135 to manage risk. Target 1 can be set at
$160, near the MA30, and Target 2 at
$175, approaching the MA50.
Monitor price action closely for any signs of reversal.
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