Nov. 21 at 3:32 AM
$PATH: The last close at
$12.73 indicates a significant drop from the 60D high of
$18.74, suggesting bearish market sentiment. The RSI at 17.46 is in the oversold territory, indicating potential for a bounce; however, the overall trend remains weak. The MA30 at
$15.23 and MA50 at
$14.35 provide resistance levels above the current price.
Directional bias is bearish due to the price being below both MAs, but the low RSI suggests a possible short-term reversal.
Suggested entry:
$12.80, slightly above the last close to confirm upward momentum.
Stop loss:
$12.00, to limit downside risk.
Targets: First target at
$14.00 (near the MA50) and a second target at
$15.00 (near the MA30). Monitor for price action around these levels for potential adjustments.
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