Nov. 15 at 12:54 AM
$LIF is currently trading at
$70.06, significantly below its 30-day moving average (MA30) of
$93.94 and 50-day moving average (MA50) of
$97.3, indicating a bearish trend. The RSI of 21.77 suggests that the stock is oversold, which may lead to a potential reversal or bounce. However, the recent 60-day high of
$112.54 and low of
$68.55 show a wide range, indicating volatility.
Given the current metrics, a cautious bullish bias can be considered, anticipating a short-term recovery. Suggested entry is at
$70.50, slightly above the last close to confirm upward momentum. A stop loss can be placed at
$68.00 to limit downside risk.
Targets for this trade can be set at
$80.00 (first target) and
$85.00 (second target), which align with previous resistance levels and provide a favorable risk-reward ratio.
Monitor for any changes in market conditions or further RSI movements before executing.
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