Nov. 14 at 4:18 AM
$LOAR is currently trading at
$68.52, significantly below its 30-day moving average (MA30) of
$78.18 and 50-day moving average (MA50) of
$78.4, indicating a bearish trend. The RSI is at 13.96, suggesting that the stock is oversold, which could lead to a potential rebound. However, the recent price action is still weak, with the stock near its 60-day low of
$67.75.
Directional bias is bearish due to the significant distance from MAs and the low RSI, but a short-term rebound may be possible.
Suggested entry:
$68.75 (above current close to confirm upward movement).
Stop:
$67.50 (just below the 60D low).
Targets:
$72.00 (first target, near resistance) and
$75.00 (second target, closer to MA30).
Monitor for any changes in momentum before executing the trade.
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