Nov. 15 at 12:39 AM
$PATH: The last close at
$14.03 indicates a bearish sentiment, especially with an RSI of 14.26, which signifies that the stock is oversold. The price is below the 30-day moving average (MA30) of
$15.56 and slightly above the 50-day moving average (MA50) of
$14.22, suggesting short-term weakness. The recent high of
$18.74 and low of
$10.48 over the past 60 days further illustrates volatility and a potential for a rebound.
Directional bias is bearish due to the low RSI and proximity to the 60D low. Suggested entry could be around
$14.00, with a stop loss set at
$13.50 to manage risk. Target 1 could be set at
$15.00, aligning with the MA30, while Target 2 could be at
$15.50, providing a reasonable risk-reward ratio.
Monitor market conditions closely, as a reversal could occur if momentum shifts.
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