Nov. 13 at 2:36 AM
$OS: The last close at
$22.88 indicates a strong position within the recent price range, particularly given the 60D high of
$23.93 and low of
$16.51. The RSI at 71.33 suggests that the stock is overbought, indicating potential for a pullback. The MA30 at
$18.73 and MA50 at
$19.03 show a bullish trend, but the high RSI raises caution.
Directional bias leans bearish in the short term due to the overbought RSI, despite the overall upward trend indicated by moving averages.
Suggested entry: Consider entering a short position if the price breaks below
$22.50.
Stop: Place a stop-loss at
$23.50 to manage risk.
Targets: First target at
$21.00, aligning with potential support levels, and a second target at
$20.00, near the MA30.
Monitor market conditions closely, as volatility may impact these levels.
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