Nov. 13 at 2:29 AM
$EXLS Trade Plan:
Market Context: The stock closed at
$39.57, below both the 30-day moving average (MA30) of
$40.85 and the 50-day moving average (MA50) of
$41.92, indicating bearish momentum. The RSI of 39.74 suggests that the stock is nearing oversold conditions, but it is not yet in that territory, which may lead to further downside potential.
Directional Bias: The stock is currently trading within a range defined by a 60-day high of
$45.08 and a low of
$37.30. The proximity to the 60D low suggests potential support around
$37.30, while the RSI indicates a lack of bullish momentum.
Suggested Entry: Consider entering a long position near
$37.50, close to the 60D low, which may act as support.
Stop: Set a stop-loss at
$36.50 to manage risk.
Targets: First target at
$40.00 (near MA30) and a second target at
$41.00 (near MA50).
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