Nov. 13 at 2:10 AM
$LSCC is currently trading at
$66.06, with an RSI of 48.31 indicating a neutral momentum. The price is below both the 30-day moving average (MA30) of 70.17 and the 50-day moving average (MA50) of 69.69, suggesting a bearish trend in the short to medium term. The recent high of
$76.61 and low of
$59.37 over the last 60 days highlight a range-bound market, with potential resistance at the upper end.
Directional bias leans bearish given the price's position relative to the MAs. Suggested entry point is around
$65.50, slightly below the current price to confirm bearish momentum. Set a stop-loss at
$68.00 to manage risk.
Targets for this trade could be
$63.00, near the 60D low, and
$60.00, providing a cushion for potential downside movement. Monitor ATR of 3.41 for volatility considerations.
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