Nov. 14 at 4:24 AM
$ROAD is currently trading at
$106.12, showing a bearish market context as it is below both the 30-day moving average (MA30) of
$117.12 and the 50-day moving average (MA50) of
$121.13. The RSI of 30.56 indicates that the stock is oversold, suggesting a potential for a reversal, but the overall trend remains negative given the position relative to the moving averages.
The 60-day high of
$138.9 and low of
$104.63 indicate a range-bound environment, with the current price closer to the low. A suggested entry point could be around
$105.50, slightly above the recent low, to capture any potential upward movement. A stop loss should be placed at
$104.00 to limit risk.
Target 1 can be set at
$110.00, which aligns with a psychological level and recent resistance, while Target 2 can be set at
$115.00, near the MA30. This trade plan aims to capitalize on a potential short-term rebound while managing risk effectively.
https://privateprofiteers.com
