Nov. 13 at 2:52 AM
$NSA is currently trading at
$30.03, below its 30-day moving average (MA30) of
$30.73 and 50-day moving average (MA50) of
$30.88, indicating a bearish market context. The RSI at 35.57 suggests that the stock is approaching oversold territory, which may indicate a potential reversal. The 60-day high of
$33.58 and low of
$28.31 create a range that can be utilized for trade planning.
Directional bias leans bearish due to the current price being below key moving averages, but the low RSI signals a possible bounce.
Suggested entry is at
$29.50, slightly above the 60D low, to capitalize on a potential reversal. Set a stop loss at
$28.00 to manage risk.
Targets are set at
$31.00 (near MA30) and
$32.00 (near the 60D high), allowing for a favorable risk-to-reward ratio.
Monitor price action closely for confirmation of the reversal before entry.
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