Nov. 14 at 4:07 AM
$CUBE is currently trading at
$36.65, with an RSI of 20.76, indicating it is oversold. The 30-day moving average (MA30) is at
$39.69, and the 50-day moving average (MA50) is at
$40.08, suggesting a bearish trend as the price is below both MAs. The 60-day high is
$42.64, while the low is
$36.09, indicating a narrow trading range.
Given the oversold RSI, there may be a potential for a rebound. Suggested entry point is at
$36.75, slightly above the last close to confirm upward momentum. Set a stop loss at
$36.00 to limit downside risk.
Targets can be set at
$38.00 (near MA30) and
$39.00 (near MA50), allowing for a reasonable risk-reward ratio.
Overall, the market context suggests caution, but the oversold condition presents a potential short-term buying opportunity.
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