Nov. 14 at 4:22 AM
$FMCC is currently trading at
$7.84, significantly below its 30-day moving average (MA30) of
$10.45 and 50-day moving average (MA50) of
$11.32, indicating a bearish trend. The RSI of 27.82 suggests that the stock is oversold, which may lead to a potential reversal or bounce. However, the recent price action is constrained within a 60-day high of
$14.99 and a low of
$6.40, indicating volatility and a possible range-bound environment.
Suggested entry point is around
$7.50 to capitalize on a potential rebound. Set a stop loss at
$6.30 to manage risk. For targets, aim for
$9.00 (near MA30) and
$10.00 (near MA50) as potential resistance levels.
This trade plan leverages the oversold condition indicated by RSI while considering the resistance levels provided by the moving averages and the recent high-low range.
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