Nov. 20 at 9:38 AM
Market Context:
$COLD is currently trading at
$10.79, significantly below its 60-day high of
$15.56, indicating bearish sentiment. The RSI of 17.17 suggests that the stock is oversold, which may lead to a potential reversal or bounce in price.
Directional Bias: The current price is below both the 30-day MA of 12.85 and the 50-day MA of 12.88, reinforcing a bearish trend. However, the extreme RSI indicates a potential for a corrective rally.
Suggested Entry: Consider entering a long position at
$10.80, just above the last close, to capitalize on a potential bounce.
Stop: Set a stop-loss at
$10.50, just above the 60-day low, to limit downside risk.
Targets: First target at
$12.00, aligning with a psychological level and below the 30-day MA. Second target at
$12.50, near the 50-day MA.
Monitor price action closely for confirmation of reversal signals. https://privateprofiteers.com
