Nov. 13 at 2:13 AM
$AM: The current market context shows the last close at
$17.99, which is below the 30-day moving average (MA30) of
$18.13 and the 50-day moving average (MA50) of
$18.35, indicating a bearish trend. The RSI at 49.04 suggests neutral momentum, with no strong overbought or oversold conditions. The price is closer to the 60-day low of
$16.96 than the high of
$19.82, reinforcing a cautious outlook.
Directional bias leans bearish due to the price being below key moving averages. Suggested entry could be at
$17.80, just above the recent close, to confirm potential upward movement. A stop loss should be placed at
$16.90 to limit risk. Target 1 can be set at
$18.10, near the MA30, and Target 2 at
$18.50, approaching the MA50.
Overall, the trade plan reflects a cautious approach with limited upside potential given the current metrics.
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