Nov. 15 at 1:33 AM
$FIZZ is currently trading at
$32.8, showing a bearish market context as the RSI at 33.37 indicates oversold conditions, suggesting potential for a reversal but also continued downside risk. The price is below the 30-day MA of 35.08 and the 50-day MA of 36.33, reinforcing a bearish sentiment. The recent 60-day high of 46.92 and low of 32.21 indicates a tight trading range, with current price near the lower end, which could attract buyers if it holds above the low.
Suggested entry is at
$32.5, just below the current close to confirm support. Set a stop-loss at
$31.5 to limit potential losses. Target 1 can be set at
$34, near the 30-day MA, and Target 2 at
$36, approaching the 50-day MA. This plan allows for a risk-reward ratio that aligns with current market conditions.
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