Nov. 15 at 12:46 AM
$PFSI: The current market context shows a last close at
$127.02, with an RSI of 34.5 indicating oversold conditions. The price is above the 30-day moving average (MA30) of
$123.98 and the 50-day moving average (MA50) of
$123.86, suggesting potential support levels. The 60-day high of
$134.56 and low of
$103.83 indicate a wide trading range, providing room for price movement.
Directional bias leans bullish as the price is above key moving averages, despite the low RSI. Suggested entry is at
$126.00, just below the last close, to capitalize on potential upward momentum. Set a stop loss at
$122.00 to manage risk. Target 1 is
$130.00, aligning with resistance levels, and Target 2 is
$134.00, near the 60D high.
This plan leverages current oversold conditions and support from moving averages.
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