Nov. 15 at 12:08 AM
$JOBY: The last close at
$14.41 indicates a position below the 30-day moving average (MA30) of
$16.33 and the 50-day moving average (MA50) of
$15.93, suggesting a bearish trend. The RSI at 41.29 indicates that the stock is nearing oversold territory but is not yet there, which may signal potential for a reversal. The 60-day high of
$19.98 and low of
$12.7 create a range that suggests significant volatility.
Directional bias leans bearish due to the stock's position relative to key moving averages and the RSI indicating potential weakness.
Suggested entry:
$14.00 (if a bounce occurs).
Stop loss:
$13.50 (to limit downside risk).
Target 1:
$15.00 (near MA50).
Target 2:
$16.00 (near MA30).
Monitor for any signs of reversal or increased buying volume for adjustments.
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