Nov. 14 at 4:47 AM
$ASB: The last close at
$25.38 is slightly below the 30-day moving average (MA30) of
$25.39, indicating a neutral to bearish short-term sentiment. The RSI at 45.49 suggests that the stock is neither overbought nor oversold, reflecting a potential for consolidation or a minor pullback. The 50-day moving average (MA50) at
$25.65 further reinforces this bearish bias as the price is below this level.
Considering the 60-day high of
$27.46 and low of
$23.86, the current price is closer to the lower end of this range, which may provide a support level.
Suggested trade plan:
- Entry:
$25.20 (below current close to capture potential bounce).
- Stop:
$24.80 (to limit downside risk).
- Targets:
$25.80 (first target near MA30) and
$26.50 (second target approaching MA50).
Monitor for any changes in momentum or market conditions.
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