Nov. 21 at 3:25 AM
$FRT is currently trading at
$96.26, which is below both the 30-day moving average (MA30) of
$97.6 and the 50-day moving average (MA50) of
$98.35, indicating a bearish market context. The RSI of 50.35 suggests neutral momentum, neither overbought nor oversold, which may lead to further price consolidation or a potential reversal. The recent high of
$102.94 and low of
$90.03 over the past 60 days establishes a trading range that can be exploited.
Suggested entry point is at
$95.50, slightly below the current price, to capture potential upside. A stop-loss should be set at
$93.50 to limit losses in case of further declines. Target 1 is set at
$98.00, near the MA30, and Target 2 at
$100.00, aligning with psychological resistance and prior highs.
Monitor price action closely, as movement above
$97.6 could indicate a bullish reversal.
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