Nov. 9 at 6:17 PM
$OSS is currently trading at
$5.19, with an RSI of 47.83 indicating a neutral momentum. The price is below the 30-day moving average (MA30) of
$5.43 and the 50-day moving average (MA50) of
$5.66, suggesting a potential bearish bias in the short term. The recent 60-day high of
$7.2 and low of
$4.68 indicate a range-bound market, with current price action closer to the lower end of this range.
Suggested trade plan: Consider entering a short position at
$5.15, with a stop loss set at
$5.40 to limit potential losses. Target 1 could be set at
$4.80, aligning with the lower end of the 60-day range, while Target 2 could be
$4.70, providing a conservative exit strategy. Monitor RSI for any signs of reversal or increased momentum, which could impact trade decisions.
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