Nov. 14 at 4:18 AM
$IDA is currently trading at
$129.17, showing a bearish market context. The RSI at 32.42 indicates that the stock is oversold, suggesting a potential for a reversal, but the overall trend remains weak. The price is below both the 30-day moving average (MA30) of 132.9 and the 50-day moving average (MA50) of 130.59, reinforcing a bearish sentiment.
Given the recent high of 138.03 and low of 122.3 over the last 60 days, the stock is nearing its support level at 122.3. A potential entry point could be around
$128.00, with a stop loss set at
$121.50 to manage risk.
If the price begins to recover, the first target can be set at
$132.00 (near MA30), and a second target at
$135.00, which is a psychological level and close to recent resistance.
Monitor closely for any signs of reversal, but remain cautious due to the prevailing bearish trend.
https://privateprofiteers.com
