Nov. 13 at 3:01 AM
$GBDC is currently trading at
$13.93, slightly above its 30-day moving average (MA30) of
$13.89 but below the 50-day moving average (MA50) of
$14.05, indicating a neutral to slightly bearish market context. The RSI at 45.77 suggests that the stock is neither overbought nor oversold, which supports a cautious approach. The recent high of
$14.93 and low of
$13.26 over the past 60 days establishes a trading range that can be utilized for potential entry and exit points.
Suggested entry is at
$14.00, slightly above the MA30, which could signal a bullish reversal if breached. Set a stop loss at
$13.70 to limit downside risk. Potential targets are
$14.50, which is near the 60D high, and
$14.75, providing a good risk-reward ratio based on the current ATR of 0.2.
This plan leverages current technical indicators while maintaining a disciplined approach to risk management.
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