Nov. 14 at 3:18 AM
$RJF is currently trading at
$161.17, showing a neutral market context with an RSI of 46.95, indicating no immediate overbought or oversold conditions. The price is below both the 30-day moving average (MA30) of
$162.37 and the 50-day moving average (MA50) of
$165.67, suggesting bearish sentiment in the short to medium term. The recent high of
$177.66 and low of
$156.75 establishes a range, with current price near the lower end, potentially setting up for a bounce.
Directional bias leans slightly bearish given the position relative to MAs. Suggested entry could be around
$160.00, with a stop loss at
$156.50 to limit risk. Target 1 could be set at
$165.00, aligning with MA50, and Target 2 at
$170.00, near the midpoint of the 60D range. This plan allows for a favorable risk-reward ratio while considering current market conditions.
https://privateprofiteers.com
