Nov. 13 at 2:52 AM
$FSK is currently trading at
$15.49, with an RSI of 60.2 indicating a potential overbought condition, suggesting caution for new long positions. The 30-day moving average (MA30) is at
$14.98, providing support, while the 50-day moving average (MA50) at
$15.6 indicates a resistance level above the current price. The recent high of
$18.25 and low of
$14.05 over the past 60 days establishes a range that highlights potential volatility.
Given the current market context, the directional bias leans slightly bullish, but the RSI suggests a possible pullback. A suggested entry point could be around
$15.20, just above the MA30 for confirmation. Set a stop loss at
$14.90 to manage risk. For targets, consider
$16.00 as the first target, aligning with the MA50, and
$17.00 as a second target, closer to the recent high.
This plan aims to capitalize on potential upward movement while managing downside risk effectively. https://privateprofiteers.com
