Nov. 14 at 3:58 AM
$FDS is currently trading at
$277.94, with an RSI of 44.77 indicating a neutral momentum, suggesting potential for either direction. The price is above the 30-day moving average (MA30) of
$277.44 but significantly below the 50-day moving average (MA50) of
$294.84, indicating bearish pressure in the longer term. The 60-day high of
$387.21 and low of
$250.5 suggest a wide trading range, allowing for potential volatility.
Directional bias leans slightly bearish due to the distance from the MA50 and the RSI being below 50. Suggested entry could be at
$275, just below the MA30, with a stop loss set at
$270 to limit potential losses. Targets can be set at
$285 (near MA30) and
$290 (near MA50), allowing for a reasonable risk-reward ratio.
In summary, consider entering short at
$275, with a stop at
$270 and targets at
$285 and
$290.
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