Nov. 14 at 4:21 AM
$FND is currently trading at
$61.23, significantly below its 30-day moving average (MA30) of
$67.37 and 50-day moving average (MA50) of
$73.54, indicating a bearish trend. The Relative Strength Index (RSI) of 26.69 suggests that the stock is oversold, which may lead to a potential bounce. However, the proximity to the 60-day low of
$58.01 raises concerns about further downside risk.
Market context shows a strong bearish bias, but the oversold condition could present a short-term trading opportunity. Suggested entry point is at
$61.50, just above the last close to confirm momentum. Set a stop loss at
$58.00 to manage risk.
For targets, consider
$65.00 (near MA30) as the first target and
$68.00 (near MA50) as the second target, allowing for potential recovery within the established range.
Monitor price action closely, as further declines could invalidate this plan.
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