Nov. 13 at 2:49 AM
$FLG is currently trading at
$10.91, below its 30-day moving average (MA30) of
$11.53 and 50-day moving average (MA50) of
$11.82, indicating bearish sentiment. The RSI at 37.96 suggests that the stock is approaching oversold conditions, which may lead to a potential reversal. The recent high of
$13.31 and low of
$10.78 establishes a range that indicates resistance at
$13.31 and support near
$10.78.
Given the current metrics, the directional bias leans bearish, but the low RSI could signal a buying opportunity if the price holds above
$10.78.
Suggested entry:
$10.80 (above support).
Stop loss:
$10.60 (below support).
Target 1:
$11.30 (near MA30).
Target 2:
$11.80 (near MA50).
Monitor for any changes in momentum or volume that could affect these levels.
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