Nov. 14 at 3:42 AM
$ERIE is currently trading at
$287.18, with an RSI of 30.75, indicating it is in oversold territory, suggesting potential for a rebound. The 30-day moving average (MA30) is at
$308.15, and the 50-day moving average (MA50) is at
$313.88, both above the current price, indicating a bearish trend in the short to medium term. The recent high of
$368.8 and low of
$276.91 over the last 60 days show a significant range, providing room for potential price movement.
Directional bias is cautiously bullish due to the oversold RSI, but caution is warranted given the moving averages. Suggested entry is at
$290, with a stop loss at
$276 to manage risk. Targets could be set at
$308 (MA30) for the first target and
$313 (MA50) for the second target, aligning with the moving averages.
This plan allows for a potential recovery while respecting current bearish trends.
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