Nov. 15 at 12:45 AM
$IDA is currently trading at
$128.29, significantly below its 30-day moving average (MA30) of
$132.76 and 50-day moving average (MA50) of
$130.65, indicating a bearish trend. The RSI at 24.54 suggests that the stock is oversold, which may lead to a potential reversal, but caution is warranted due to the overall downtrend.
Given the 60-day high of
$138.03 and low of
$122.3, the price is closer to the lower end of this range, providing a potential support level.
Suggested trade plan:
- Entry:
$126.50 (below current price to confirm support)
- Stop:
$121.00 (to limit losses in case of further decline)
- Target 1:
$130.00 (near MA50)
- Target 2:
$134.00 (mid-range of 60D high-low)
This plan takes into account the oversold RSI and proximity to support, while aligning with moving averages.
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