Nov. 13 at 3:12 AM
$PCH is currently trading at
$40.33, positioned between its 60-day high of
$43.87 and low of
$37.88. The RSI of 41.55 indicates a neutral stance, suggesting potential for upward movement as it approaches oversold territory. The 30-day moving average (MA30) at
$41.41 is slightly above the current price, indicating a potential resistance level, while the 50-day moving average (MA50) at
$41.21 further supports this resistance view.
Given the current metrics, the directional bias leans slightly bullish as the price is near the lower end of the recent range, with a potential rebound towards the MA30.
Suggested entry is at
$40.50, with a stop loss set at
$39.50 to manage risk. Target 1 is
$41.50 (near MA30), and Target 2 is
$42.50 (mid-range of 60D high-low).
This plan leverages the current market context and technical indicators effectively.
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