Nov. 14 at 4:23 AM
$MSA is currently trading at
$159.27, below both the 30-day moving average (MA30) of
$164.98 and the 50-day moving average (MA50) of
$167.21, indicating a bearish trend. The RSI of 38.76 suggests that the stock is nearing oversold territory, which may indicate a potential reversal, but the overall sentiment remains bearish given the position relative to the moving averages.
The recent high of
$177.2 and low of
$151.11 suggests a trading range that could be exploited. A suggested entry point could be around
$157.00, with a stop loss set at
$154.00 to manage risk. Target 1 could be set at
$165.00, aligning with the MA30, while Target 2 could be at
$170.00, near the MA50.
Overall, the strategy is to capitalize on a potential bounce while remaining cautious of the prevailing downtrend.
https://privateprofiteers.com
