Nov. 13 at 2:39 AM
$LPX is currently trading at
$77.72, which is near the 60D low of
$76.25, indicating potential for a rebound. The RSI at 21.04 suggests that the stock is oversold, which may lead to a bullish reversal. However, the MA30 at 88.02 and MA50 at 89.41 indicate a bearish trend, as the price is below these moving averages.
Directional bias is cautiously bullish due to the oversold RSI and proximity to the 60D low. Suggested entry is at
$78.50, just above the last close, allowing for a potential bounce. Set a stop loss at
$76.00 to limit downside risk.
Targets are set at
$82.00 (a resistance level) and
$85.00 (near the MA30), which aligns with potential recovery levels. Monitor the ATR of 2.82 for volatility considerations.
In summary, enter at
$78.50, stop at
$76.00, with targets at
$82.00 and
$85.00.
https://privateprofiteers.com
