Nov. 14 at 4:25 AM
$LFUS is currently trading at
$241.09, near the 60-day low of
$235.00, indicating potential support. The RSI at 30.49 suggests the stock is oversold, which may lead to a reversal. However, the stock is below both the 30-day MA of
$255.33 and the 50-day MA of
$257.99, indicating a bearish trend in the short to medium term.
Directional bias is cautiously bullish due to the oversold RSI, but caution is warranted given the moving averages' positioning.
Suggested entry is at
$242.00, slightly above the last close to confirm upward momentum. Set a stop loss at
$234.00 to limit potential losses.
Target 1 is at
$250.00, aligning with the 30-day MA, and Target 2 is at
$255.00, near the 60-day high.
Monitor the ATR of 9.11 for volatility considerations.
https://privateprofiteers.com
