Nov. 14 at 5:02 AM
$GFF: The stock closed at
$70.74, near the 60D low of
$70.62, indicating potential support. The RSI of 23.84 suggests the stock is oversold, which could lead to a reversal. However, the 30-day moving average (MA30) at 74.6 and 50-day moving average (MA50) at 75.67 indicate a bearish trend, as the price is below both MAs.
Directional bias is cautiously bullish due to the oversold RSI, but bearish momentum prevails with the current price below the MAs.
Suggested entry:
$71.00, slightly above the last close to confirm buying interest. Stop loss:
$69.50, just below the 60D low to limit risk.
Targets: First target at
$73.00, approaching the MA30, and second target at
$75.00, near the MA50. Monitor for any signs of reversal or further bearish momentum.
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