Nov. 14 at 5:02 AM
$COLD is currently trading at
$10.72, significantly below its 30-day moving average (MA30) of
$12.92 and 50-day moving average (MA50) of
$12.95, indicating a bearish trend. The RSI of 21.85 suggests that the stock is oversold, which could lead to a potential reversal or short-term bounce. However, the recent price action remains weak, as evidenced by the proximity to the 60-day low of
$10.61.
Given the current context, a cautious approach is warranted. A suggested entry point could be around
$10.80, slightly above the last close, to capture a potential bounce. Set a stop loss at
$10.50 to limit downside risk. Target 1 could be set at
$11.50, aligning with the psychological resistance level, while Target 2 could be at
$12.00, near the MA30.
Overall, while there is a potential for a short-term reversal, the prevailing trend remains bearish. Monitor for further confirmation before entering. https://privateprofiteers.com
