Nov. 15 at 1:44 AM
$RELY is currently trading at
$12.49, significantly below its 30-day moving average (MA30) of
$15.32 and 50-day moving average (MA50) of
$16.17, indicating a bearish trend. The RSI at 20.53 suggests the stock is oversold, which may lead to a potential reversal or bounce. The recent 60-day high of
$21.00 provides a resistance level, while the 60-day low of
$12.12 indicates a support level.
Given the current metrics, a cautious bullish trade could be considered. Suggested entry is at
$12.60, slightly above the last close to confirm upward momentum. Set a stop loss at
$12.10 to limit potential losses. Target 1 can be set at
$15.00, aligning with the MA30, while Target 2 can be at
$16.00, near the MA50.
Monitor the RSI for signs of recovery and watch for price action around the suggested targets.
https://privateprofiteers.com
