Nov. 14 at 3:35 AM
$GPN: The current market context shows a last close at
$75.44, significantly below the 30-day moving average (MA30) of
$82.85 and the 50-day moving average (MA50) of
$84.03, indicating a bearish trend. The RSI at 21.67 suggests that the stock is oversold, which could indicate a potential reversal, but caution is warranted due to the prevailing downtrend.
Directional bias is bearish given the position relative to the MAs and the recent high-low range, with a 60-day high of
$90.64 and a low of
$74.71, suggesting a tight trading range.
Suggested entry point is at
$76.00, just above the last close to confirm upward momentum. Set a stop-loss at
$74.50 to limit potential losses. Target 1 is
$80.00, aligning with the MA30, and Target 2 is
$82.00, near the MA50.
Monitor for a potential reversal but remain aware of the overall bearish sentiment.
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