Nov. 13 at 1:45 AM
$FTAI is currently trading at
$155.98, with an RSI of 40.76 indicating a neutral to slightly bearish momentum. The price is significantly below both the 30-day moving average (MA30) of 170.94 and the 50-day moving average (MA50) of 170.29, suggesting a bearish trend. The recent high of 194.36 and low of 138.06 over the past 60 days further highlight a range-bound market, with the current price closer to the 60D low.
Given this context, the directional bias leans bearish. A suggested entry point could be around
$154.00, just below the current price, to capitalize on potential further declines. A stop-loss should be placed at
$162.00 to limit risk. Target 1 could be set at
$145.00, near the 60D low, while Target 2 could be at
$140.00, providing a cushion for profit-taking.
This plan accounts for current market conditions and technical indicators. https://privateprofiteers.com