Nov. 15 at 10:00 AM
$FLNC is currently trading at
$17.91, showing a neutral RSI of 47.55, indicating a lack of momentum in either direction. The 30-day moving average (MA30) is at
$18.23, suggesting a slight bearish bias as the price is below this level. The 50-day moving average (MA50) at
$14.79 indicates a longer-term bullish trend. The recent 60-day high of
$23.74 and low of
$6.6 provide a broad trading range, with potential for volatility.
Suggested entry is at
$18.00, slightly above the MA30, which may signal a reversal. A stop loss should be placed at
$16.50 to manage risk. Target 1 is set at
$20.00, aligning with resistance levels, while Target 2 can be placed at
$22.00, approaching the 60D high. Monitor the ATR of 2.47 for potential adjustments in stop placement as volatility changes.
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