Nov. 14 at 4:27 AM
$FNB: The current market context shows a last close of
$15.85, which is above the 30-day moving average (MA30) of
$15.75 but below the 50-day moving average (MA50) of
$15.95, indicating mixed signals. The RSI of 56.99 suggests that the stock is neither overbought nor oversold, allowing for potential upward movement. The 60-day high of
$16.95 presents a resistance level, while the low of
$14.46 indicates a support level.
Directional bias leans slightly bullish due to the price being above the MA30 and the RSI indicating room for growth. Suggested entry is at
$15.90, with a stop loss set at
$15.60 to manage risk. Target 1 is
$16.30, aligning with near-term resistance, while Target 2 is
$16.80, approaching the 60-day high.
Overall, the trade plan capitalizes on the current price action within the established range.
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