Nov. 15 at 1:38 AM
$BSM: The last close at
$13.66 indicates a strong position above the 30-day moving average (MA30) of
$13.1 and the 50-day moving average (MA50) of
$12.99, suggesting bullish momentum. However, with an RSI of 71.26, the stock is nearing overbought territory, indicating potential for a pullback. The 60-day high of
$13.81 presents a resistance level, while the low of
$11.78 offers support.
Directional bias is cautiously bullish, but traders should be aware of the potential for a correction. Suggested entry could be around
$13.50, with a stop loss at
$13.30 to limit downside risk. Target 1 can be set at
$13.81 (60D High), and Target 2 at
$14.00 if momentum continues.
Monitor RSI for signs of reversal and adjust the plan accordingly.
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