Nov. 13 at 3:00 AM
$FHI is currently trading at
$49.92, below both the 30-day moving average (MA30) of
$50.52 and the 50-day moving average (MA50) of
$51.36, indicating a bearish trend. The RSI at 44.25 suggests the asset is approaching neutral territory, providing potential for a rebound if buying pressure increases. The 60-day high of
$54.42 and low of
$46.66 establishes a range, with current price closer to the low, which may attract buyers looking for a reversal.
Suggested entry is at
$50.10, slightly above the MA30, to confirm upward momentum. Set a stop loss at
$48.80 to manage risk. Target 1 is
$52.00, near the MA50, and Target 2 is
$53.00, slightly below the 60-day high. This plan leverages the potential for a bounce within the established range while maintaining a disciplined risk management approach.
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