Nov. 21 at 3:17 AM
$REXR is currently trading at
$40.26, showing a neutral market context with a slight bearish bias due to the RSI at 40.15, indicating it is approaching oversold territory. The price is below both the 30-day MA (41.69) and the 50-day MA (41.79), reinforcing the bearish sentiment. The recent 60-day high of 44.38 and low of 39.34 suggest a range-bound market, with potential for a rebound if it approaches the lower end.
Suggested entry point is at
$39.50, just above the 60-day low, to capitalize on a potential reversal. Set a stop loss at
$38.75 to limit downside risk. For targets, consider
$41.00, aligning with the 30-day MA, and a secondary target at
$42.00, near the recent resistance level.
Monitor price action closely, as a break below
$39.34 could signal further downside.
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