Nov. 13 at 2:36 AM
$CCCS: The last close at
$7.48 indicates a bearish market context, especially with an RSI of 15.55, suggesting the stock is heavily oversold. The 30-day moving average (MA30) at
$8.87 and the 50-day moving average (MA50) at
$9.15 further confirm the downward trend, as the price is significantly below these averages. The 60-day high of
$10.14 and low of
$7.40 indicate a narrow trading range, with the current price near the lower end.
Directional bias is bearish due to the low RSI and the price being below both MAs. Suggested entry could be around
$7.40, just above the recent low, to capture any potential reversal. Set a stop loss at
$7.20 to limit risk. Target 1 can be set at
$8.00, aiming for a short-term recovery, while Target 2 can be at
$8.50, aligning with the MA30.
Monitor closely for any signs of reversal as the stock approaches these levels.
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