Nov. 14 at 4:59 AM
$RYN: The current market context shows a last close at
$22.12, indicating a bearish trend as the price is below both the 30-day moving average (MA30) of
$23.93 and the 50-day moving average (MA50) of
$24.86. The RSI at 34.22 suggests that the stock is approaching oversold territory, which may indicate a potential reversal.
Directional bias leans bearish due to the price being closer to the 60-day low of
$21.23, with resistance at the 60-day high of
$27.34.
Suggested entry is at
$21.50, just above the 60D low, to capture potential upward movement. Set a stop loss at
$20.75 to manage risk.
Targets are set at
$23.00 (near MA30) and
$24.00 (near MA50) to capitalize on possible recovery.
Monitor RSI for signs of reversal and volume for confirmation.
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