Nov. 14 at 4:02 AM
$GNRC is currently trading at
$154.63, significantly below its 30-day moving average (MA30) of
$173.69 and 50-day moving average (MA50) of
$175.11, indicating bearish momentum. The RSI at 20.95 suggests that the stock is oversold, which could lead to a potential reversal or bounce in price. However, the proximity to the 60-day low of
$149.86 raises concerns about further downside risk.
Directional bias leans bearish due to the stock's position relative to its moving averages and recent price action. Suggested entry could be at
$155.50, slightly above the last close, to confirm upward momentum. A stop-loss should be placed at
$149.50 to limit potential losses.
Targets can be set at
$165 (near MA30) and
$170 (near MA50) to capitalize on a potential recovery.
Monitor for any changes in momentum or market sentiment that could affect this plan.
https://privateprofiteers.com
