Nov. 14 at 4:19 AM
$FSS: The current market context shows a last close of
$110.12, with a significant RSI of 27.52, indicating that the stock is oversold. This suggests a potential for a rebound. The 30-day moving average (MA30) is at
$118.16, and the 50-day moving average (MA50) is at
$120.37, both indicating a bearish trend as the price is below these averages. The recent 60-day high of
$132.89 and low of
$107.28 further highlight the stock's volatility and potential for a bounce back from the low.
Directional bias is cautiously bullish due to the oversold RSI, but confirmation is needed. Suggested entry is around
$110.50, with a stop loss set at
$107.00 to manage risk. Target 1 is
$115.00, aligning with the MA30, and Target 2 is
$118.00, near the MA50. This trade plan aims to capitalize on a potential reversal while maintaining a disciplined approach to risk management.
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