Nov. 14 at 4:06 AM
$LINE: The current market context shows a last close at
$33.36, which is near the 60D low of
$32.8, indicating potential support. The RSI at 23.28 suggests that the stock is significantly oversold, which may lead to a price rebound. The 30-day moving average (MA30) at
$38.83 and the 50-day moving average (MA50) at
$39.42 indicate resistance levels above the current price.
Directional bias is bearish in the short term due to the stock trading below both MAs, but the extreme RSI suggests a possible reversal.
Suggested entry:
$33.50, just above the last close to confirm buying interest.
Stop loss:
$32.50, slightly below the 60D low to limit risk.
Targets: First target at
$36.00 (near the MA30) and second target at
$38.00 (near the MA50).
Monitor for potential reversal signals as the stock approaches these targets.
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