Nov. 14 at 4:13 AM
$GTLB is currently trading at
$43.97, below its 30-day moving average (MA30) of
$46.84 and 50-day moving average (MA50) of
$47.39, indicating a bearish trend. The RSI at 33.28 suggests that the stock is oversold, which could lead to a potential reversal or bounce. The recent 60-day high of
$52.38 and low of
$42.17 further define the trading range, with current price near the lower end.
For a trade plan, consider entering a long position if the price shows signs of reversing upwards from the current level, ideally around
$44.50. Set a stop loss at
$42.00 to manage risk. Target 1 could be set at
$46.00, aligning with the MA30, and Target 2 at
$48.00, near the MA50. This plan capitalizes on the potential for a rebound while respecting the current bearish trend.
https://privateprofiteers.com
