Nov. 13 at 3:02 AM
$FTDR is currently trading at
$51.59, significantly below its 30-day moving average (MA30) of
$64.15 and 50-day moving average (MA50) of
$64.84, indicating a bearish trend. The RSI at 20.5 suggests that the stock is oversold, which could signal a potential reversal or bounce. However, the proximity to the 60-day low of
$48.47 raises concerns about further downside risk.
Directional bias is bearish due to the MAs and recent price action, but the low RSI indicates a possible short-term recovery. Suggested entry could be around
$50.00, with a stop loss set at
$48.00 to mitigate risk. Target 1 could be set at
$55.00, aligning with a potential retracement towards the MA30, while Target 2 could be at
$58.00, near the psychological resistance level.
Overall, while the bearish trend persists, the oversold condition presents a cautious opportunity for a short-term trade. https://privateprofiteers.com
