Nov. 13 at 1:17 AM
$FAST is currently trading at
$41.22, below both the 30-day moving average (MA30) of
$43.39 and the 50-day moving average (MA50) of
$45.25, indicating a bearish trend. The RSI at 37.53 suggests that the stock is approaching oversold territory, which may indicate a potential reversal soon. The recent 60-day high of
$50.63 and low of
$40.45 shows a range-bound market, with current prices nearing the low end of this range.
Directional bias is bearish due to the price being below key moving averages, but the low RSI could signal a short-term bounce.
Suggested entry point is at
$40.50, with a stop loss at
$39.50 to limit potential losses. Target 1 is set at
$43.00 (near MA30), and Target 2 at
$45.00 (near MA50).
This plan allows for a short-term recovery play while managing risk effectively.
https://privateprofiteers.com
