Nov. 13 at 2:46 AM
$GPK is currently trading at
$16.13, below the 30-day moving average (MA30) of
$17.44 and the 50-day moving average (MA50) of
$18.52, indicating bearish momentum. The RSI at 31.83 suggests the stock is oversold, which may present a potential reversal opportunity. The 60-day high of
$23.47 and low of
$14.90 further emphasizes the range-bound nature of the stock, with current price closer to the 60-day low.
Trade Plan:
- Directional Bias: Bearish to neutral, but watch for potential reversal due to oversold RSI.
- Suggested Entry: Consider entering a long position around
$15.00, near the 60D low.
- Stop Loss: Set at
$14.80 to limit downside risk.
- Target 1:
$17.00, near the MA30.
- Target 2:
$18.00, approaching the MA50.
Monitor price action closely for signs of reversal. https://privateprofiteers.com
