Nov. 13 at 2:13 AM
$FRT is currently trading at
$99.06, with an RSI of 43.14 indicating a neutral to slightly bearish momentum. The price is above the 30-day moving average (MA30) of 97.99 but below the 50-day moving average (MA50) of 98.96, suggesting mixed signals. The recent high of 102.94 and low of 90.03 over the past 60 days indicates a range-bound market.
Given the current metrics, the directional bias leans slightly bearish due to the RSI being below 50 and the price being closer to the lower end of the 60-day range.
Suggested entry:
$98.50 (a break below the MA30).
Stop loss:
$97.50 (to limit potential losses).
Targets:
$100.50 (first target, near the MA50) and
$102.00 (second target, approaching the recent high).
Monitor for any changes in momentum or market sentiment that could affect these levels.
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