Nov. 13 at 3:13 AM
$MPW is currently trading at
$5.08, showing a neutral RSI of 50.72, indicating no strong momentum in either direction. The price is slightly below the 30-day moving average (MA30) of
$5.17, suggesting potential bearish pressure, while the 50-day moving average (MA50) of
$5.03 provides a support level. The recent 60-day high of
$5.75 and low of
$4.15 indicate a wide trading range, which could lead to volatility.
Given the current metrics, the directional bias leans slightly bearish due to the price being below the MA30. A suggested entry point would be around
$5.05, with a stop loss set at
$4.95 to manage risk. Target 1 can be set at
$5.25, aligning with resistance near the MA30, and Target 2 at
$5.50, approaching the recent high.
Monitor the ATR of 0.18 for potential volatility adjustments.
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