Nov. 14 at 5:16 AM
$CENX is currently trading at
$29.04, within a range defined by a 60-day high of
$34.52 and a low of
$20.91. The RSI at 45.22 indicates a neutral momentum, suggesting the stock is neither overbought nor oversold. The 30-day moving average (MA30) at
$30.46 is above the current price, indicating potential resistance, while the 50-day moving average (MA50) at
$28.74 is below, suggesting support.
Given this context, the directional bias leans slightly bearish due to the proximity of the MA30. A suggested entry point could be around
$28.80, just above the MA50, to capitalize on potential support. A stop-loss can be placed at
$27.50 to manage risk.
For targets, consider
$30.50, aligning with the MA30, and a more aggressive target at
$32.00, which is closer to the midpoint of the recent high-low range.
This plan aims to balance risk and reward while respecting current market dynamics.
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