Nov. 14 at 4:46 AM
$AROC is currently trading at
$23.51, just above the 60D low of
$23.32, indicating potential support. The RSI at 30.12 suggests that the stock is oversold, which may lead to a reversal or bounce. However, both the 30-day MA (24.79) and 50-day MA (24.89) are above the current price, indicating bearish momentum in the short to medium term.
Given the market context, the directional bias leans towards a cautious bullish stance, as the stock is near support and oversold conditions could trigger buying interest.
Suggested entry is at
$23.60, slightly above the last close to confirm upward movement. Set a stop loss at
$23.25 to manage risk. Target 1 is at
$24.00, near the 30-day MA, and Target 2 is at
$24.50, approaching the 50-day MA.
Monitor for any changes in momentum and adjust the plan accordingly.
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