Nov. 14 at 4:41 AM
$AUB is currently trading at
$32.73, below its 30-day moving average (MA30) of
$33.81 and 50-day moving average (MA50) of
$34.5, indicating a bearish trend. The RSI at 33.73 suggests that the stock is nearing oversold territory, which could signal a potential reversal. However, the price is also close to the 60-day low of
$31.62, indicating further downside risk.
Market context shows a lack of strong upward momentum, given the proximity to recent lows. A potential entry point could be set at
$33.00, slightly above the MA30, to confirm a bullish reversal. A stop-loss should be placed at
$31.50 to manage risk.
Targets could be set at
$34.00 (near the MA50) and
$35.00, as these levels represent resistance points in the recent price action.
Overall, the trade plan is cautiously optimistic, anticipating a possible bounce while being mindful of the bearish trend.
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