Nov. 15 at 1:40 AM
$RHI is currently trading at
$27.48, showing a bearish market context as the RSI of 39.41 indicates the stock is nearing oversold conditions but is not yet there. The price is below the 30-day moving average (MA30) of
$29.57 and the 50-day moving average (MA50) of
$31.69, suggesting a downward trend. The recent 60-day high of
$38.28 and low of
$25.22 further highlight the current price's proximity to the lower end of this range, indicating potential support around
$25.22.
For a trade plan, consider entering a long position if the price breaks above
$28.00, with a stop loss set at
$25.00 to manage risk. Target 1 can be set at
$30.00, aligning with the MA30, and Target 2 at
$31.00, near the MA50. This strategy leverages the potential for a rebound while maintaining a disciplined risk management approach.
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