Nov. 15 at 1:12 AM
$CUZ: The current market context shows a last close at
$25.8, which is below both the 30-day moving average (MA30) of
$26.51 and the 50-day moving average (MA50) of
$27.48. The RSI at 40.69 indicates that the stock is approaching oversold territory, suggesting potential for a bullish reversal. The recent 60-day high of
$29.82 and low of
$24.89 indicates a range that may provide support and resistance levels.
Directional bias is slightly bearish due to the price being below key moving averages, but the RSI indicates a potential for upward movement.
Suggested entry:
$25.9 (slightly above the last close).
Stop:
$24.8 (below the recent low).
Targets:
$27.0 (first target near MA30) and
$28.0 (second target near the 60D high).
This trade plan allows for a calculated risk-reward ratio while considering recent price action and technical indicators.
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