Nov. 13 at 2:16 AM
$MOS is currently trading at
$25.71, significantly below its 30-day moving average (MA30) of
$29.83 and 50-day moving average (MA50) of
$31.42, indicating a bearish trend. The RSI at 19.88 suggests that the stock is oversold, which may signal a potential reversal. However, the price is also near the 60-day low of
$24.85, adding to the bearish sentiment.
For a trade plan, consider entering a long position if
$MOS shows signs of reversal above
$25.00. Suggested entry is at
$25.50. Set a stop loss at
$24.70 to limit potential losses. Target 1 can be set at
$28.00, aligning with the MA30, and Target 2 at
$30.00, near the MA50. Monitor price action closely, as the stock remains in a downtrend despite oversold conditions.
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