Nov. 14 at 4:16 AM
$CAI: The current market context shows a last close of
$24.3, significantly below the 30-day moving average (MA30) of
$29.76 and the 50-day moving average (MA50) of
$30.78, indicating a bearish trend. The RSI at 28.45 suggests that
$CAI is oversold, which may lead to a potential reversal or bounce. The recent 60-day high of
$42.5 and low of
$22.86 further highlights the volatility and the potential for a corrective move upward from current levels.
Directional bias leans slightly bullish due to the oversold RSI, but caution is warranted given the proximity to the 60-day low. Suggested entry is at
$24.5, with a stop loss set at
$22.80 to manage risk. Target 1 is
$27.00, aligning with a potential resistance level, and Target 2 is
$29.00, near the MA30.
Monitor price action closely, as a failure to hold above
$24.5 may indicate further downside. https://privateprofiteers.com
