Nov. 22 at 2:33 AM
$PFGC: The current market context shows a last close of
$96.65, with the RSI at 45.69, indicating a neutral momentum. The price is below both the 30-day moving average (MA30) of
$98.22 and the 50-day moving average (MA50) of
$100.32, suggesting a bearish bias in the short to medium term. The recent high of
$109.05 and low of
$90.48 over the last 60 days indicates a range-bound market, with the current price closer to the lower end of this range.
Suggested entry point is at
$95.50, slightly below the last close to capture potential upside. Set a stop-loss at
$93.50 to manage risk. For targets, consider
$98.00 as the first target, aligning with the MA30, and a second target at
$100.00, near the MA50, should the momentum shift positively.
Overall, the trade plan is to capitalize on a potential rebound within the established range while managing risk effectively. https://privateprofiteers.com
