Nov. 14 at 3:17 AM
$FIX: The current market context shows a last close of
$897.52, with the RSI at 36.85, indicating that the stock is approaching oversold territory. The MA30 is slightly above the last close at
$897.71, while the MA50 is significantly lower at
$851.02, suggesting a bearish trend in the medium term. The 60-day high of
$1020.26 and low of
$670.19 indicate a wide trading range, providing potential for price movement.
Directional bias leans bearish due to the RSI below 40 and the proximity of the last close to the MA30. However, a bounce could occur if the price approaches the lower end of the range.
Suggested entry:
$885.00 (if a bounce is confirmed). Stop loss:
$860.00. Target 1:
$920.00 (previous resistance area), Target 2:
$950.00 (mid-range target).
Monitor for any changes in momentum that could signal a reversal.
https://privateprofiteers.com
