Nov. 14 at 4:20 AM
$MUSA: The current market context shows the stock trading at
$363.83, below both the 30-day moving average (MA30) of
$373.96 and the 50-day moving average (MA50) of
$380.45, indicating a bearish trend. The RSI at 41.84 suggests that the stock is nearing oversold conditions but is not yet in that territory, which may indicate potential for a bounce. The 60-day high of
$409.91 and low of
$349.83 establishes a range, with the current price closer to the low, suggesting limited downside.
Directional bias is bearish, but a potential reversal could occur if the price breaks above the MA30. Suggested entry is at
$367, slightly above the last close to confirm upward momentum. Set a stop loss at
$358 to manage risk. Targets could be set at
$375 (near MA30) and
$385 (near MA50) for potential profit-taking.
For further insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
