Nov. 20 at 8:49 AM
$PATH: The last close at
$14.03 indicates a bearish market context, supported by an RSI of 14.26, signaling oversold conditions. The price is below the 30-day moving average (MA30) of
$15.56 and the 50-day moving average (MA50) of
$14.22, reinforcing a downward trend. The 60-day high of
$18.74 and low of
$10.48 suggest significant volatility, with potential for a rebound.
Directional bias is bearish due to the low RSI and the price's position relative to the MAs. Suggested entry for a short position could be around
$14.00, with a stop loss set at
$15.00 to manage risk.
Targets for profit-taking could be set at
$12.00 (near the 60D low) and
$11.00, considering the potential for further downside.
Monitor the ATR of 0.94 for volatility assessment.
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