Nov. 22 at 3:05 AM
$PATH: The last close at
$13.01 indicates a bearish trend, especially with an RSI of 21.85, signaling oversold conditions. The MA30 at
$15.1 and MA50 at
$14.39 suggest resistance levels above the current price, reinforcing downward pressure. The 60D high of
$18.74 and low of
$10.48 highlight a significant range, with the current price closer to the low, indicating potential for a bounce but also risk of further decline.
Directional bias is bearish due to the low RSI and proximity to the 60D low. Suggested entry could be around
$12.50, with a stop loss set at
$11.50 to limit risk. Target 1 can be set at
$14.00, aligning with MA50 resistance, and Target 2 at
$15.00, near the MA30. This plan allows for a measured approach to capitalize on potential short-term recovery while managing risk effectively.
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