Nov. 21 at 3:19 AM
$ARE: The last close at
$48.86 indicates a position near the 60D low of
$48.67, suggesting a potential support level. The RSI at 21.6 indicates the stock is oversold, which may signal a reversal opportunity. However, the MA30 at
$62.98 and MA50 at
$71.15 indicate a bearish trend, as the price is significantly below these moving averages.
Directional bias is cautiously bullish due to the oversold RSI, but the overall trend remains bearish based on moving averages. A suggested entry point could be around
$49.00, with a stop loss set at
$48.50 to limit downside risk.
Targets can be set at
$52.00 (near the MA30) and
$55.00 (a psychological resistance level). Monitoring price action around these levels will be crucial for potential adjustments.
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